$DUSK DUSK has completed a long corrective phase and is now transitioning into a new impulsive bullish cycle. Price action, EMA alignment, and momentum indicators support the early-to-mid stage of an Elliott 5-wave impulse to the upside.

🌊 Elliott Wave Count (Primary Scenario)

đŸ”” Wave (1): Impulse Initiation

Start: ~0.0370 (major swing low)

End: ~0.0485

This wave marked the trend reversal after prolonged bearish pressure.

Volume expansion and bullish candles confirm institutional participation.

🔮 Wave (2): Corrective Pullback

Retracement Zone: ~0.0430–0.0445

Correction respected Fibonacci 0.5–0.618 region of Wave (1).

Price held above key EMAs → bullish structure intact.

Typical zigzag correction, shallow and healthy.

🟱 Wave (3): Strong Impulse (Currently Active)

Current Price: ~0.0650

Wave (3) is usually the longest and strongest, which aligns with:

Sharp bullish expansion

EMA(9) > EMA(30) > EMA(45)

Williams %R near overbought (trend strength, not reversal yet)

📌 Projected Wave (3) Target:

0.070 – 0.075

(1.618 Fibonacci extension of Wave 1)

🟡 Wave (4): Upcoming Correction (Not Yet Formed)

Expected to be sideways or shallow (flat / triangle)

Likely pullback toward:

0.058 – 0.060 (previous resistance → support)

Should not break below 0.052, otherwise wave count weakens.

🟣 Wave (5): Final Impulse

After Wave (4) completion, final push expected.

Momentum may weaken slightly (bearish divergence possible).

🎯 Projected Wave (5) Target:

0.080 – 0.085

Confluence of Fibonacci extensions and historical resistance.

🔁 Alternative Scenario (Lower Probability)

If price fails to hold above 0.058 and breaks below 0.052, the move could be:

A larger corrective Wave (B) instead of impulsive Wave (3)

This would delay bullish continuation and require deeper consolidation.

📈 Indicator Confirmation

EMA Stack: Bullish (short-term above long-term)

Trend: Higher highs & higher lows

Momentum: Strong, not exhausted yet

Structure: Clean impulsive behavior (no overlap)

🧠 Trading Insight (Elliott-Based)

Best Buy Zones: Wave (4) retracement near 0.058–0.060

Invalidation Level: Below 0.052

Bullish Bias: Maintained while above EMA(30)

#dusk @Dusk

DUSK
DUSK
0.0672
+2.28%