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Myles G Investment Insider 🚨

BONK: One of the few charts that is really holding well. But no sign that wave (5) has started yet. The price seems to be forming a small triangle pattern.

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WIF: I slightly prefer for the price to move down as per the yellow scenario as there is no short-term strength but those micro counts are very unpredictable. As long as the price holds $2.25 a direct move to $5.83+ is likely as well. Should there be a dip in wave C then I will likely buy a little more but no large positions because the third wave is already done.

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WEN: The price is following the yellow scenario well at the moment and should soon start wave (4) of (c) of (ii).

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FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.

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ADA: The price reacted to the micro support zone yesterday, which was crucial to keep the yellow scenario alive, because the $0.4426 level needs to hold in this scenario to keep it a reasonable assumption. Should the price breaks below this level, it is likely that wave (5) in white will lead to a test of the $0.36-$0.38 price range. The rally has been corrective, however, and it is possible that white wave B has formed a top. A break below yesterday´s low would confirm this further. Conversely, a break above $0.505 resistance would increase the odds for the yellow scenario. It takes a rally in 5 waves to $0.598+ to confirm that wave 2 has formed a low on April 13th. Overall very balanced probabilities on the small time frames at the moment.

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BTC: A typical quiet Saturday today. If the price develops some upside momentum then a break above resistance is required to tell us that the yellow scenario is likely unfolding. Support is still holding, and resistance is defined between $65,084 and $66,400.

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BONK: In the yellow scenario, the price is still extending in its third wave in my opinion. Micro support has been adjusted to the range between $0.x175552 and $0.x233393. The next structural resistance levels are at $0.x295561 and $0.x370425. Overall expectations are still for the price to form one more high in wave v to reach $0.x730239+. It is possible that this move has started, but the April 19th low needs to hold in this case.

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ADA: The price is consolidating below the resistance range I highlighted yesterday. The range between $0.516 and $0.523 is a critical resistance range and if a 5th wave to the downside is supposed to unfold, it would likely start from here. However, so far the price has not really experienced a strong rejection and a break above $0.523 would open the door for yellow wave (3) to reach $0.568+. We need to see 5 waves to $0.598+ to confirm that wave 2 has bottomed.

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SOL: The price structure remains unchanged. A micro support region has been defined for the yellow B-wave. Should a pullback occur, the support is defined within the range of $127 to $141. The probabilities on this chart are evenly balanced and are expected to remain rather unclear for the foreseeable future, due to the corrective nature of the micro structures.

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FET: I have little new information to share since the last update. Currently, the move up has some strong momentum and has extended to a level that is quite high for a fourth wave in the white scenario, so I'm treating it as if a low has already formed. However, given the corrective nature, it's likely just a diagonal at best, or possibly failing in another corrective B wave. It's difficult to make a definitive assessment at this point until all 5 waves to the upside have formed as per the yellow scenario. Nevertheless, if you scaled into the recent lows, then you can just manage risk and consider taking partial profits if the price rises further, because the price might spend some more time in this range before really breaking out.

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CKB: The price has reached the wave iv support zone, which is defined between $0.009266 and $0.0185. To keep the impulsive upside potential alive, the 50% retracement level needs to hold. A break below $0.009276 will activate the blue scenario, in which the price is in a b-wave pullback. This scenario would make the chart very unreliable and it would then be wise to wait for a 1-2 setup in blue wave (c) for confirmation that a new uptrend has started. Wave (A) in yellow has reached an ideal target, so a wave (B) bounce could start from here,

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ICP: My view is that this rally could be a B-wave, with standard resistance between $15.23 and $18.31. A break below $11.37 is needed to indicate that wave (c) has started to the downside. If 5 waves to the upside form, then circle wave 5 is still unfolding and might be targeting $31.37.

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WIF: The price reacted to the micro support zone and a break above the wave (4) high at $3.16 would indicate that a low has formed in wave (iv) already as per the white scenario. If the low has not formed already, then one more low could be enough to complete this wave (iv) correction.

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BTC: The price has declined further and as I mentioned in the last update yesterday, it is possible that wave (2) has formed a top in a running flat structure. To invalidate the bearish micro structure, the price must break above $64,425, which is yesterdy´s high. This needs to be followed by a break above $66,400, which would indicate that the bulls intend to fight the bearish setup. The parameters have not changed on the chart. I added a target zone for wave (3) in white. This ideal target zone is defined between $57,396 and $58,969 and is an area that should be observed for a potential reaction, should the price decline further in wave (3). The yellow scenario still has a chance, but to keep this scenario alive, the price needs to show an upside reaction from this region.

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ATLAS: The corrective pullback that has started in March has formed enough waves now for a price low to form. However, this does not mean that the low has formed. It just means that the wave count is technically complete. The market now needs to prove to us that the correction is complete, so we are watching for a first impulsive move to the upside in this area.

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BTC: The price might have formed a top in wave (2) in a running flat correction. It takes a break above $66,400 to show that the bulls are motivated to fight the bearish setup.

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FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.

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FET: The price experienced a three-wave rally from the low on April 13, which does not definitively indicate that a bottom has been established. This pattern leaves open the possibility of further declines. The price was rejected at $2.67, at the 100% extension level, indicating that an ABC price top could have formed. In the yellow scenario a possible diagonal pattern is forming, which could lead to further upward movement, but this is uncertain until the price breaks above $2.67. If the price breaks below the recent swing low around $1.85, then the price should fall to lower Fibonacci retracement levels at $1.58 or even $1.27.
Stability of the bullish thesis depends on the bulls showing up before the price breaks below $1.27.

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ETH: The price has formed the c-wave in the white scenario that I mentioned in the previous update. A break above $3,300 is required to unlock bullish potential that could take the price into the upper target area starting at $3,400. Quick reminder that wave 3 in yellow should reach $3,624 to be reliable.

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GALA: Really slow price action today, and the price is consolidating just below the $0.05339 level, which represents the 100% fibonacci extension of yellow wave A of wave iv. A break above this level opens the door for the price to reach $0.0603, which is the first ideal target for wave (3) in white. It takes the formation of 5 waves to the 1.618 extension level at $0.065 to confirm that a low has formed. It is frustrating but it is important that we see these 5 waves to the upside before confirming that a low has formed, because price action from the 13th of April low so far looks corrective, and if one more low forms then this is the ideal spot to start wave v to the downside from.

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DOT: The price has not done much since yesterday and the rally is just in 3 waves. To further confirm the yellow scenario, in which wave (ii) has already formed a low, wave (3) should reach $8.54+. The price has now reached a critical resistance level and if wave (5) to the downside is supposed to start, then ideally from here. This is a key juncture.

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LINK: The price needs to move a little higher for me to consider wave (3) in the blue scenario as completed. The price has now been rejected at the 100% extension level, which is usually a rejection point in a corrective rally. A break above today´s high will open the door for the price to reach $16.87, which is the first ideal target for blue wave (3).

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LINK: The blue scenario shows the most bullish interpretation. If we can identify 5 waves, which reach $17.72+, then a low has likely formed in wave ii already. A 3-wave rally into resistance will indicate a B-wave in yellow. Both blue and yellow scenarios require a break above $15 to unfold. If one more low unfolds as per the white scenario, $10.65 is likely the next support level. Based on these scenarios, from a tactical point of view dips can be opportunities to look for long positions, whereas a rally into the resistance area might offer the opportunity to take partial profits.

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ADA: Not much has changed since yesterday. The price has moved out of the support zone and is heading upwards. The next resistance level is at $0.561. According to the current Elliott Wave pattern (yellow), wave (3) is expected to reach at least $0.568. However, the price must break above $0.561 first. If a complete five-wave sequence unfolds as depicted in yellow, reaching $0.598 or higher, it would suggest that wave 2 has established a low. Until then, one more low is likely in this correction.

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BTC: Just $1,000 or so would help for a nice 5th wave.

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BTC: If this is indeed wave (4), the correction should take half a day or so. We will see.

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