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IONQ Elliott Wave technical analysis [Video] IONQ Elliott Wave technical analysis [Video]

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IONQ Elliott Wave technical analysis [Video] – Crypto News

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IONQ Elliott Wave analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Corrective.

Position: Wave A of y.

Direction: Downside in Wave C

Details: Price targeting $25 and then $20 as Wave C nears completion.

In the daily timeframe, IonQ, Inc. (IONQ) is advancing through the final stages of its corrective structure. Wave C, within Wave y, is leading the price toward the $25 level, and potentially to $20. This movement suggests the conclusion of a larger corrective phase may be near. As Wave B finishes, a decline in Wave C is likely to follow, setting up a possible short-term bearish opportunity.

IONQ Elliott Wave analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Corrective.

Positino: Wave y of (IV).

Direction: Downside into Wave y.

Details: Wave y has reached 100% of Wave w’s length, indicating maturity.

The weekly chart for IonQ shows a mature corrective structure forming as Wave y of Wave (IV) nears completion. The stock has achieved a price extension equaling 100% of Wave w, a common threshold signaling a possible end to the correction. While the overarching trend remains bullish, this area could mark a short-term bottom. Traders should monitor price behavior for potential support and signs of a new impulse move.

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IONQ Elliott Wave analysis [Video]

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