The Trust Layer for Market Analysts

The analysis focuses on the CROUSDT cryptocurrency pair using Elliott Wave principles and Fibonacci retracements on a weekly timeframe. The current price is around 0.27071. The market has reached a support area starting at 0.26657, identified as a standard Fibonacci support zone for the internal fourth wave pullback within a C wave to the upside. The analyst expects a corrective rally and points to a likely target of 0.67, corresponding to the 178.60% Fibonacci level. A critical support area around 0.21, corresponding to the 38.2% retracement level, is also a previous structural resistance that could now act as support. Lower price levels may extend to the 61.8% retracement at 0.14, potentially reaching this level. The market is caught in wave four correction, and a B wave is expected sooner or later, with the resistance area already on the chart. On the 4H timeframe one more low would be ideal and if the high of the swing high at around 28 cents breaks then the market would already be in the B wave.