TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave

  • Due to my technical analysis , i think this downtrend can be over and we can expect a pump anytime soon!
  • On the daily chart we have a broadening wedge and also a local ascending triangle , both bullish patterns.
  • If we take a look at the RSI indicator - we can spot a bullish divergence , always great to see.
  • As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
  • Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
  • We can also get stopped by the descending blue trend line , but i think it will break up!
  • Look at my ideas about interesting altcoins in the related section down below ↓
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