The STX pair has reached a demand zone.
A price movement fractal seems to be repeating (highlighted by the orange and white boxes).
In the orange boxes, every time STX has dropped more than 72%, it has made a rebound move to the upside.
We are looking for buy/long positions around the demand zone.
The targets for STX are $0.93 - $1.10 - $1.30.
A daily candle close below the invalidation level will invalidate this analysis.
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BehDark (EN)
#SUIUSDT analysis (12H) It seems that SUI is completing a large structure. A diametric pattern appears to be forming at the end of wave G. By maintaining the red descending trendline, it could drop toward the two specified TP levels marked on the chart.β¦
It slightly hunted the supply zone, but the invalidation level was not touched, so the analysis remained valid.
The price has dropped over 50% from the supply zone
The completion of SUI's higher-degree bullish wave was correctly identified.
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BehDark (EN)
As expected, it was supported again upon hitting the green box and has grown by over 9%.
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Before anything, pay attention to the timeframe of the analysis. This is a 2-day timeframe, so it will take time.
The green zone is where Bitcoin can start moving toward the specified targets. If the ATH is broken, Bitcoin could also move toward $120K and $140K. However, based on the chart, there is currently no certainty about Bitcoinβs final target.
Reaching the green zone may take more than 4 to 5 weeks.
We are looking for buy/long positions in the green zone.
A daily candle close below the invalidation level will invalidate this analysis.
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From the point where we placed the red arrow on the chart, it seems that the correction of EGLD has begun.
This correction appears to be a diamond-shaped diametric, and we are currently in wave G of this diametric, which is a bearish wave.
We expect wave G to complete within the green zone, leading to a trend reversal for several months in EGLD.
A daily candle closing below the invalidation level will invalidate this analysis.
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A lot of data is now available on the rising pattern of ROSE. It appears that a large triangle has been completed, which was our wave B.
With the break of the B-D trendline, the triangle is now finished, and we are currently in wave C. Wave C is bearish and should take more time than the large wave A.
ROSE is expected to remain bearish for the next few months, but keep in mind that before the drop, it may pull back to the multi-week supply zone.
Letβs see how it plays out.
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It seems that DRIFT is completing wave C of a larger triangle, and wave C itself has also formed a triangle.
We are currently in wave d of C. This wave is expected to complete within the green zone, after which we anticipate moving towards the targets for wave e of C.
A daily candle closing below the invalidation level will invalidate this analysis.
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From the point where we placed the red arrow on the chart, it seems that the correction of MANA has begun.
It appears to be forming an ABC pattern, where wave B is a diametric.
Currently, we seem to be at the end of wave f of B.
The price is expected to drop to the green zone, where wave C will be completed.
After wave C is completed, we anticipate a strong upward move in price.
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TAO appears to be forming a new corrective pattern from the point where we placed the red arrow, with its wave C potentially completing within the green box.
We are looking for buy/long positions in the green zone.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
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It appears that we have an ABC pattern on the chart, with wave C forming as a terminal wave.
Currently, we seem to be in wave 4 of C. Wave 4 may complete within the green zone, leading to wave 5 of C, which is a bullish wave.
We are looking for buy/long positions in the green zone.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
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