ASTER/USDT β Elliott Wave Analysis (Daily Time Frame)ASTER / TetherUS PERPETUAL CONTRACTBINANCE:ASTERUSDT.PLearn2tradezπ ASTER/USDT β Elliott Wave Analysis (Daily Time Frame) π Current Market Structure Based on the Elliott Wave count shown on the chart, ASTER appears to have completed a larger corrective ABC structure, with Wave C ending near the February low. Since then, price has been building a base and consolidating within a broad range, suggesting accumulation before the next impulsive move. The preferred scenario is that ASTER is currently developing a new bullish impulsive sequence, where: β Wave (1) has likely been completed. β Wave (2) is currently unfolding as a corrective pullback. β³ Once Wave (2) is complete, the market should begin Wave (3), typically the strongest and most explosive wave in Elliott Wave theory. βΈ» π― Key Fibonacci Retracement Zone for Wave (2) The current correction is targeting the Fibonacci retracement zone of Wave (1): π 38.2% Retracement: 0.6127 π 50.0% Retracement: 0.5656 π 61.8% Retracement: 0.5221 π 78.6% Retracement: 0.4659 This entire area represents the preferred support zone where buyers may step in to complete Wave (2). βΈ» π Bullish Elliott Wave Targets If Wave (2) completes successfully and support holds, the next impulsive advance could target: π― 100% Extension: 1.1805 π― 123.6% Extension: 1.3889 π― 138.0% Extension: 1.5337 π― 161.8% Extension: 1.8068 These levels represent potential objectives for Wave (3) and possibly higher degrees of trend continuation. βΈ» β οΈ Invalidation Level For the bullish count to remain valid: β Price should not sustain a breakdown below the 78.6% retracement area near 0.4659. A deeper decline below this zone would reduce the probability of the current bullish Elliott Wave count and require a reassessment of the structure. βΈ» π Summary β Larger ABC correction appears completed. β Wave (1) likely finished. β³ Wave (2) correction currently in progress. π Major opportunity remains the anticipated Wave (3) advance. π Watch the 0.61 β 0.46 support region closely for confirmation of a bullish reversal. As long as ASTER remains above the Wave (2) support zone, the larger Elliott Wave outlook continues to favor higher prices and a potential move toward the 1.18 β 1.80 range over the coming months. β‘ Patience is key. In Elliott Wave analysis, the highest reward often comes from waiting for Wave (2) to finish before positioning for Wave (3).