📉QTUMUSDT Elliott wave analysis for 01.01.2024.

On the viewed timeframe, it seems that QTUMUSDT has completed the 1st bullish Elliott wave on the larger period and is starting the 2nd corrective one with target zones applied to the chart.

After the finish of the correction we should expect further rally for the instrument in the 3d wave.

📈DOGEUSDT Elliott wave analysis for 03.01.2024

On the H4 timeframe, the price is currently moving in a 4 subwave within the 3 wave.

The bullish trend on W1, D1 timeframes adds confidence in continuation of an uptrend both in short and long term for the instrument.

📈On the H4 chart of BTCUSDT, with high probability, the price is moving in a 4 Elliott wave with flat B sub wave within the correction. Recent drop in price can be identified as the beginning of C sub wave. Expecting further correction to 0.236 - 0.382 Fibo zones.

📈THETAUSDT (D1). On the daily chart the instrument, with high probability, starts the 2 wave in a new bullish cycle.

The target zones for the correction is price zone of $0.751 and $1.005 which corresponds with 0.78 and 0.5 Fibo grid levels.

After completion of 2 wave we should expect further bullish rally in the 3 Elliott wave.

📊On the daily chart of DOGE/USDT, the price has recently formed a bullish divergent bar within the 4th Elliott wave in a bullish cycle.

This signal could be an optimal level to consider a long position with targets in the 5th wave.

📊Similarly to DOGE/USDT, on the daily chart of VET/USDT, the price has recently formed a bullish divergent bar within the 4th Elliott wave in a bullish cycle.

This signal could be an optimal level to consider a long position with targets in the 5th wave.