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More Crypto Online18 Aug 2025, 15:35 UTC
AI-generated source summary
The analyst discusses the SUIUSD chart. Starting from the August low, the chart shows a five-wave rally. The standard support zone for a B-wave pullback has been defined, and a five-wave move down to the Friday low has been identified. With a five-wave decline, he cannot confirm if the overall correction is over but expects a reaction to the Fibonacci resistance area between $3.89 and $4.11. A break below the Fibonacci support zone between $3.44 and $3.69 could reduce upside continuation possibilities. Ideally, the B-wave would go higher for the C-wave decline. The A-wave and C-wave tend to have similar lengths, so if the A-wave and C-wave have the same length, the C-wave should get to $3.36. A formal invalidation point for this AB structure to the upside is the August low at $3.27. As long as that holds, the pullback could be a B-wave. There may be a brief break below support. Earliest indication that a local low has been established is a break above the B-wave high formed at the 50% retracement level at $3.89.
AI-generated summary based on the source content.
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Signals in this source
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