Follow up to the "how levels flip" schematic post from earlier w/this live version potentially playing out on ETH right now.

Original post here: https://www.reddit.com/r/CryptoCurrency/s/8DucgF2pi9

ETH on the left 4hr chart, price printed an impulse through the creek directly following a precision ABC correction, then on NFP news PA fear punched the POC with high effort but made no bearish result.

While PA seemingly chops, spot CVD's led the way behind the scenes & has already broken above its own range, now holding that level as support after the retest.

Right chart & why that matters. Wave i already ran 31.03%, then after wave iii, wave iv pulled back to hold Monthly Support, and this EW projection is calling for wave v to repeat that roughly 31.03% again off this level (often wave i = v after non extended 3rds).

Most people are positioned for lower here after a move this size. Thats usually the setup, not the reason to fade it. CVD leading price out of its range while the crowd expects a fifth wave to fail is the kind of divergence between order flow and sentiment thats treated as high conviction here, not the other way around.

A 4hr range breaker CHoCH just printed up after the punch, but will the magic squigglies play out again?

Only time will tell...