In my previous post, I targeted $3.38 for the next Fibo stop (4.618 extension from 1st wave of wave 3 of 1 degree larger). Technically, that could mark the end of the 3rd wave, but I think that's unlikely the end. Wave (1) of this 3rd wave took 7 days, and if wave (5) is on the same order, a move to the 6.618 or 8.618 extension looks more likely, giving a price range of $4.80 to $6.22, respectively. That's at least double the current price within roughly the next couple of weeks or so.
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IMHO will revisit the lower trend to complete the (E) near 1.7-1.8 area
@100MA go from there :)
asodaforbabyyoda
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@KINGdewd, Good call! Even though it didn't turn out to be abcde, it hit the lower trendline and we're bouncing up.
apkaiser80
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I am noticing siphoning of new entries. Therefore, to receive substantial growth or any growth at all is flat. The challenge, there will be a peak in the inflow of retail investors. Eventually, these retail investors will recognize no growth and just loss. These small retail investors may not be significantly impacted of the losses. However, mid to higher retail investors will certainly feel the pain. The idea is to get as much small retail investors to keep the siphoning the new cash inflow to keep the market interested by producing slightly higher growth. These siphoners understand that they need to maintain a balance of their strategic financial gain intentions. The only way to get to the next wave is to market uncertainty to their target audience (retail investors) with FOMO. Pass it around long enough (multi-level marketing strategy), you will have believers. If there is an overwhelming interests, then the next wave will come. However, you can only fool so many people within a certain amount of time. Older players will eventually see the scam. Poor retail investors, but most importantly based on the amount of money invested the mid and above retail investors. Sounds like GME. What do you think?
AJCSHARP
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You are genius man.what is 5th wave target. And how long it will take for fifth wave.
asodaforbabyyoda
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@AJCSHARP, Thanks. Now I could totally be wrong, but my fifth wave target at the moment is about $10 within 2 months. But don't forget that we have a wave 4 retracement that could be a 50% drop from wherever wave 3 tops out at.
AJCSHARP
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@asodaforbabyyoda, expected correction should be in March. I see 5th wave is 20$. This project's use case is very strong. Need to hold even it goes low.
@100MA go from there :)