EuroMotif

XTZ.usd Parabolic Climb about done? or retrace for one more Leg?

EuroMotif Mod Atualizado   
BINANCE:XTZUSDT   Tezos / TetherUS
Part of my ongoing analysis of XTZ movements (see links below).

As we all know, Tezos has been growing in leaps and bounds (parabolic actually).
Eventually it will pull back, and this would be a great spot to start retrace (or crash).
However, the parabolic leg is typical of a "wave 3" with wave 5 yet to come (in theory).

It is PLAUSIBLE that wave 3 goes a bit higher (green wave).
It is LIKELY that w3 is done and w4 is starting (blue wave).
It is POSSIBLE that the pullback will be deep (red wave).

Break above $3.6369 would imply w3 to $4.2xx
Break below $2.9239 would imply deep retrace.
Break below $2.4502 would imply crash potential.

Previous BCH plots: (click links below)
$2.00 Target Plot (blew right past it)
$1.23 Bounce Plot (near perfect bottom)
$1.85 Take Profit (near perfect top)
Parabola Spotted (early bull call)

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Comentário:
Wave 4 done?

Very possible that wave 4 is done and we start working on w5
w4 may have ended at this fib which I had discounted before.

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Zoom IN (15min) fora closer look at that fib some pierces, but held.
Now we see if can get past the 17.942 above at $3.268

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Zoom OUT a bit (1h) We are still fighting a smaller tf fib in Blue that blue 3.618 looks pretty tough.
Break above would be first step in confirming a bottom.

I may post a new plot accounting for this new data, let me see what the next move is first.....

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