Good morning

It has been four months since my last update, but nothing has changed since then - there was no reason to update. The low that we printed in July of 2024 was never breached - from that low we printed a quick five waves up that took 2 weeks, then followed by a sideways correction that took over 100 days. Boring price action, can't blame if you lost interest in this coin, especially after the bad news the SEC appealing the court decision.

But everything I wrote in the previous update remains valid, the low that we printed is a potential fourth wave of an expanding diagonal for i of C. From that low we had an impulse for (i), the sideways mess can be counted as a double zigzag. So that means we could be ready for a third wave of some degree now :

If we assume the correction completed as a double zigzag (that ended in truncation) then a third wave is next, a minimum extension would point to the 90 cents range, let us see if we get something like that in the next couple of weeks. 

In the bigger picture this impulse would be (a) of V. A zigzag is expected since we are in a diagonal :

When this (a) leg completes a correction is expected for (b), then (c) should complete this expanding diagonal, maybe testing the 2021 highs. I assume this diagonal is only wave i of C though, I do expect we push higher after a correction for wave ii.

Not much needs to be said at this point. I want to see if we get the expected price action in the next couple of weeks. Hopefully we see some positive price action.

Not much other news, there is only one coin I bought recently and that is SUI.

Sincerely Yours,