$PLTR is in focus in today's technical chatter, with @AsafNaamani noting reversal zones at $106 and $118.8–$122.64 that are holding, while watching for a reclaim of $135, the level combining MA50 and Volume Profile POC.

Meanwhile, $ETH has moved back inside the green channel, raising the possibility of further upside if it holds, though rejection could lead to a failed breakout.

$NBIS is also mentioned in the context of a reversal zone combining a custom reversal indicator with a Wave 4 zone on the weekly chart.

Why it matters

The technical conversation focuses not only on price levels but also on the psychology behind Elliott Waves: Wave 2 brings a return of fear with 50–61.8% retracements, Wave 4 features profit-taking and greed with shallower 38.2% retracements, and Waves A–C in corrections bring reality and real fear.

What the experts are saying

@AsafNaamani published a series of posts explaining how Elliott Waves reflect fear, greed, FOMO and euphoria, and how they create classic patterns such as Head & Shoulders, Cup & Handle, Flags and Triangles. He emphasizes the link between Fibonacci ratios (0.382, 0.5, 0.618, 1.618) and reversal zones.

The bottom line

Today's technical discussion revolves around wave structures and key levels in tech stocks and crypto, with emphasis on support and resistance zones that could dictate the next move.