Looking at the WTCUSDT in the Logarithmic scale and a clear upward impulse Elliott Wave is seen. A wave count seems to confirm WTC is in its final Primary Wave 5 with some targets manifesting along the Fibonacci channel for early December. If it returns to the 1x resistance line, as it has for each other primary wave peak, then $12 seems possible.
What do you think? Where will WTC peak?
Share your ideas in the comments.
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A re-interpretation of this chart to make it more consistent with Elliott Wave theory regarding 4 being above 1, would look like this:
But this really suggests an all time high in mid-2022.