Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT _____
Technical Analysis
This coin gearing up for something big move. It’s has potential to make 10x to 16x gains. I just put that Invalidation point for B Wave Rally of ABC Correction just in case the price is rejected at 61.80% Fibonacci that I mentioned in the chart. If it breaks both 61.80% Fibonacci and previous all-time high, then the party begins to the moon. It seems the weekly indicators is bullish in my opinion. Remember as always not a financial advice.
Elliot Wave & Weekly
3D & 1D
4HR & 1HR _____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Great work - thanks for the detail.
Why do you have such faith in this coin - $3.50 to $65 is a big leap even if it takes until February next year?
Just curious (I will DYOR)
My answer: There is potential that the current trend is starting a Wave 3 but I'm NOT ignoring the fact that it could be B Wave rally of ABC Correction of Wave 2 as the price is currently at 61.80% Fibonacci. I think the best confirmation is breaking the previous All-Time High (ATH). If asked me about fundamentals, I don't have one. Note: Not a financial advice.
esorlegin
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@Ryzen7, I already have knowledge of the coin/project and considering it's established integration into so many chains and FinTech businesses, I think it's 'got legs'. Not yet crunched any numbers, but it looks like it could be undervalued (not in $ terms) as a future 'MUST HAVE' part of the finance/payments industry......it is, afterall, very well established.
By the way, I forgot to answer one question of yours " Feb 2022". That's a based on Fibonacci Time Zone - Trend Based. Please explore your chart tools. It is not necessarily to wait for next year but it could be this year 2021. Everything depends on the news and price action. I just use this Fibonacci Tool to estimate when to sell or buy but sometimes it doesn't give a correct time or date. So, its only an estimate.
Why do you have such faith in this coin - $3.50 to $65 is a big leap even if it takes until February next year?
Just curious (I will DYOR)