We are currently observing a Symmetrical Diametric correction pattern unfolding in the USDT Dominance chart. The wave structure labeled A–B–C–D–E shows clear evidence of this complex formation.
✅ Reasons for Diametric Labeling:
• Wave A and B initiated the pattern with a sharp drop (A), followed by wave B extending lower than A’s starting point – an early sign of a non-classical corrective structure.
• Waves C and D developed with alternating strength and duration, reflecting the expanding and contracting rhythm typical of diametric formations.
• Time and Price Alternation between segments is clearly visible, especially the extended duration between waves B and D compared to the earlier legs.
• The current price action is sitting right at the D wave bottom, which acts as a key structural support zone.
🔄 What’s Next?
• From this support, we expect wave E to initiate. In symmetrical diametrics, wave E typically reaches or slightly exceeds the top of wave C.
• A break below the D wave low doesn’t immediately invalidate the diametric scenario but may call for a re-evaluation toward an Expanded or Terminal Diametric.
• Confirmation of wave E may come with a bullish BOS (Break of Structure) on lower timeframes.
📌 Conclusion: We are likely at the early stage of wave E. If this interpretation holds, a bullish move should develop soon.
📡 Analysis by CryptoPilot – navigating the market with precision.
#CryptoPilot #USDT.D #Elliot #NeoWave #MarketStructure #TrendChannel #BOS #Altcoins #CryptoTrading
✅ Reasons for Diametric Labeling:
• Wave A and B initiated the pattern with a sharp drop (A), followed by wave B extending lower than A’s starting point – an early sign of a non-classical corrective structure.
• Waves C and D developed with alternating strength and duration, reflecting the expanding and contracting rhythm typical of diametric formations.
• Time and Price Alternation between segments is clearly visible, especially the extended duration between waves B and D compared to the earlier legs.
• The current price action is sitting right at the D wave bottom, which acts as a key structural support zone.
🔄 What’s Next?
• From this support, we expect wave E to initiate. In symmetrical diametrics, wave E typically reaches or slightly exceeds the top of wave C.
• A break below the D wave low doesn’t immediately invalidate the diametric scenario but may call for a re-evaluation toward an Expanded or Terminal Diametric.
• Confirmation of wave E may come with a bullish BOS (Break of Structure) on lower timeframes.
📌 Conclusion: We are likely at the early stage of wave E. If this interpretation holds, a bullish move should develop soon.
📡 Analysis by CryptoPilot – navigating the market with precision.
#CryptoPilot #USDT.D #Elliot #NeoWave #MarketStructure #TrendChannel #BOS #Altcoins #CryptoTrading
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.