Based on the price behavior of many new altcoins (especially privacy/token related to Cardano), NIGHT might be in the following structure:
1. Wave 1 (Impulse up): From a low launch (~$0.03) to the first peak (~$0.09–$0.12) – this is the first push wave after the listing, with extremely high volume and strong FOMO.
2. Wave 2 (Correction): A deep drop to the range of $0.022–$0.035 (could retrace 70–90% of wave 1, typical in crypto bear/early cycle). This is a zigzag or flat correction, heavily oversold RSI.
3. Wave 3 (Strongest Impulse): Currently occurring or about to start from the bottom $0.03x. Currently, the price is trying to break through resistance levels $0.046–$0.055. If wave 3 is truly strong (usually the longest, with a significant increase in volume), NIGHT could target:
• Extend 1.618–2.618 times wave 1 → area $0.10–$0.17 or higher.
• Some analysts have previously mentioned a target of $0.17 if breakout occurs above the symmetrical triangle on the 2h/4h timeframe.
4. Wave 4 (Correction): After wave 3 there will be a pullback (usually back to 38.2–50% Fibonacci of wave 3), may test again $0.07–$0.09.
5. Wave 5 (Final push): Could push the price up to $0.20+ or higher if the crypto bull market continues (but heavily dependent on BTC/ADA).
Larger structure (higher degree):
• NIGHT may be in Primary Wave 1 or Wave (3) of the larger cycle (due to being a new token, the first cycle is often very explosive).
• If the count is more bearish: The peak of $0.12 marks the end of Primary 1, currently in Primary 2 (deep ABC correction), may go lower before the large Wave 3 begins.
Important levels to watch
• Near support: $0.040 – $0.035 (50% Fib retracement zone + local ATL).
• Strong support: $0.022–$0.03 (if broken → bearish count, could go back to $0.01x).
• Resistance: $0.055 → $0.075 → $0.09 → $0.12 (previous peak).
• Bullish target for waves 3/5: $0.10 – $0.17 – $0.25+ (if strong extension).
Note when using Elliott waves with NIGHT
• New token + high volume → very easy to manipulate, the wave can extend extremely long or truncate.
• Highly dependent on Cardano (ADA) and the sentiment of privacy coins (Monero, Zcash, etc.).
• Combine with Fibonacci, volume, RSI/MACD, and channel/breakout to confirm (e.g., breakout above $0.055 with increased volume → confirms wave 3 is running).
• Elliott Wave is not 100% accurate science, just a framework for predicting probabilities. Many analysts on X/TradingView have different counts (some bearish view the current situation as a corrective wave C).
@MidnightNetwork #night $NIGHT
