📉 PIPPIN/USDT – Clean Elliott Wave Based Sell
Setup$PIPPIN
⚠️ Warning: This analysis is for educational purposes only. This is not financial advice. ⚠️
🔍 Chart Analysis Summary
PIPPIN/USDT has completed a clear Elliott Wave 5-wave impulse:
(1) → (2) → (3) → (4) → (5)
A strong rejection came from the top of Wave 5, which is the first signal of trend reversal.
Now the price is forming an ABC corrective structure:
A wave down
B wave minor pullback
C wave deep correction target
The parallel rising channel is also about to break → high bearish pressure.
🟥 Sell Setup (Educational Only)
🔴 Entry Zone (B-wave rejection):
0.12120 – 0.12270
🔒 Stoploss:
0.13780
🎯 Targets:
TP1: 0.11640
TP2: 0.10860
TP3: 0.09330
Final ABC Target (C Wave): 0.07400
📌 Logic of Setup
Wave (5) complete → market overshoot area
Structure now shifting from bullish impulsive → bearish corrective
Strong supply zone at the top
Channel break + lower-low confirmation
ABC correction normally reaches 0.618–1.0 fib retracement