Fetch initially had 5 waves down. It bottomed out at $0.01.
I assumed the first wave up was wave 1, but after a more detail analysis, I've concluded the run we just saw, from $0.05 to $0.87, was all just WAVE 1.
What's happening now appears to be wave 2 correction, which means that a wave 3 is coming, and that's good news for us, because wave 3s are the most impulsive waves, and are usually the longest of the three. Which means we could see the price hit $10.
Then what follows is wave 4. A wave 4 is not as steep of a correction as wave 2, nor does it last as long.
Finally a fifth and final wave up will follow after the wave 4 correction.
Comment:
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I assumed the first wave up was wave 1, but after a more detail analysis, I've concluded the run we just saw, from $0.05 to $0.87, was all just WAVE 1.
What's happening now appears to be wave 2 correction, which means that a wave 3 is coming, and that's good news for us, because wave 3s are the most impulsive waves, and are usually the longest of the three. Which means we could see the price hit $10.
Then what follows is wave 4. A wave 4 is not as steep of a correction as wave 2, nor does it last as long.
Finally a fifth and final wave up will follow after the wave 4 correction.