ONDO Elliott Wave AnalysisOndo / TetherKUCOIN:ONDOUSDTNewTraderpaveiHi everyone! 👋 I want to share my current ONDO/USDT count on the 4H chart to get feedback from more experienced traders. Any comments, corrections, or tips are very welcome! 🟦 Where I started counting: Wave (1): Started from around $0.62320 and topped at $0.80318 Wave (2): Retraced to $0.73807, around 36% of Wave 1 — quick and sharp, likely a zigzag ✅ So far, Wave 2 seems shallow and impulsive, which sets up for alternation in Wave 4. 🟩 Wave (3) development: Wave 3 moved from $0.80318 → $1.09251 Strong volume and price action — fits well with what Elliott Theory defines as a powerful third wave Wave 3 extension = about 1.6x Wave 1 — matches guidelines 📌 Based on this, I’ve marked Wave (3) completed at $1.09251 🟨 Now: Wave (4) Correction Zone According to the Elliott Wave alternation rule: Since Wave 2 was shallow and sharp, Wave 4 is expected to be deeper and more sideways. But BTC ATH bull run panic and hype all can change. Here are the key retracement zones I’m watching for Wave 4: | Retracement | Level | Meaning | | ----------------- | --------------------- | -------------------------------------- | | **0.382** | $0.98296 | Minor pullback, strong trend continues | | **0.5** | $0.94884 | Common zone | | **0.618** | $0.91472 | Deep but acceptable | | ❌ Below $0.80318 | Invalidates structure | | 🟥 Wave (5) Projection: Assuming Wave 4 ends shallow or deep, here are potential Wave 5 targets: | Wave 4 End Price | TP1 (0.618 ext) | TP2 (1.0 ext) | TP3 (1.618 ext) | | ---------------- | --------------- | ------------- | --------------- | | \$1.09234 | **\$1.203** | \$1.272 | \$1.382 | | \$1.04233 | **\$1.153** | \$1.222 | \$1.332 | I’ll be watching RSI/MACD and volume to confirm when Wave 4 ends before entering Wave 5. 🙏 Open to Feedback! I’m still learning and really enjoying Elliott Wave theory, so I’d love to hear from the TradingView community: Do the waves look valid to you? Would you count this any differently? Any tips on catching the reversal of Wave 4? Is the Wave 2 structure truly a zigzag, or am I missing something? Thanks for reading — and I appreciate any support, corrections, or insights you can share. 📈💬 Let’s learn together!