The Trust Layer for Market Analysts

The analysis suggests the market has been moving sideways, resembling a triangle pattern, after an initial five-wave move up, followed by three-wave moves. It identifies a support zone that needs to hold, potentially seeing one more low. If a breakout doesn't occur shortly, the market will likely continue sideways. A weekly chart is analyzed to show the larger structure with the white scenario as preferred, although confidence is not high. A potential diagonal pattern where three waves of a five-wave diagonal completed in July. A pullback bottomed in April, followed by ABC structure. It suggests the first ideal target for a fifth wave is at 0.368375, reflecting a 38.2% retracement. It notes unreliability with startup candles in cryptocurrency charts and the April low is important and if it hold it confirm pressure to the upside and resistance levels around 0.119491 and 0.13423. If the market breaks the trend line from above to 0.15 and 0.26, there will be room for bullish predictions. The support is found between 0.069 and 0.084, and the structure may change below 0.069. Formal invalidation is set at the June low of 0.06