lkunej

UTKUSDT Elliott wave count

Long
BINANCE:UTKUSDT   UTK / TetherUS
This is my count for UTK using EV technical analysis .

I hope to see a W3 moving up till the end of this year/January next year.

This would be a 90ish % pump before a more significant drop.

I think the general direction for next year is going to be UP so a long term hold is ok if you're not comfortable catching the 20-40% swings.

This is not financial advice, just my two cents.
Comment: Could still play out, if the pivot near (ii) turns out to be the 2 of a larger degree. Time to reach target will be postponed though.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.