$PI on the 15-minute chart is unfolding a classic Elliott Wave 5

PI on the 15-minute chart is unfolding a classic Elliott Wave 5-leg structure, showing bullish strength in short-term momentum.


🌀 Wave Structure So Far:

(1) & (2): Clean initiation phase with higher lows

(3): Strong impulsive move peaking near $0.436

(4): Healthy retracement with consolidation

(5): Projected at 1.618 Fib Extension → $0.4415, signaling a potential short-term breakout if momentum holds

• Price currently stabilizing above $0.420

• Low Volatility Zone between wave (4) and projected (5) suggests coiling action before next leg

• RSI and volume should be watched for breakout confirmation


This setup favors momentum traders and scalpers as wave (5) formation could trigger a quick rally if $0.423–$0.425 resistance clears with volume.

However, failure to hold above $0.418 could delay the wave count or invalidate the current projection.

https://www.tradingview.com/x/q5i6f3Mm

PIUSDT