ARC/USDT - Elliott Wave Completion and ABC Correction Expected

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The ARC/USDT perpetual contract on Binance has completed a classic 5-wave Elliott impulse pattern, peaking at wave (5). Based on Elliott Wave Theory, a corrective ABC pattern is expected, with wave A initiating a decline.

Entry: Short position near wave (5) peak

Target: Wave C completion zone around 0.056

Stop Loss: Above recent high near 0.0817

The retracement aligns with Fibonacci levels and prior support zones, suggesting a potential pullback before further trend continuation. Manage risk accordingly.

Feragatname

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