Here's another take on where the next leg up is going to take us, based upon the scale difference of our previous bullish waves on the daily.
We're entering Wave 3 with bullish momentum on the daily. I'm personally hoping we blow this projection out the water by ~20-30% and try tagging $1.00.
If we can make a real run on $1.00 in this wave, I'd project our next target after a strong pullback to not only be "ATH" but to perhaps be near $12, briefly consolidate, run to $30, consolidate before bubbling to $294 before long term consolidation.
(Similar to how when XRP broke bullish in 2017, it's first rise to $0.41 was approximately 4x it's previous ATH.)
If we only reach the high $0.70 range and consolidate around $0.50 I'd expect a new 3 wave cycle that would first take us to roughly $6, briefly consolidate, run to $10, consolidate and run to $89.50, for the memes, before long term consolidation.
I expect our next bear market/long-term consolidation to be short lived, likely less 6 months of downward consolidation at most, before companies begin dragging consumers onto the network and we see the fabled 'stable growth, never ending bull run.'
We're entering Wave 3 with bullish momentum on the daily. I'm personally hoping we blow this projection out the water by ~20-30% and try tagging $1.00.
If we can make a real run on $1.00 in this wave, I'd project our next target after a strong pullback to not only be "ATH" but to perhaps be near $12, briefly consolidate, run to $30, consolidate before bubbling to $294 before long term consolidation.
(Similar to how when XRP broke bullish in 2017, it's first rise to $0.41 was approximately 4x it's previous ATH.)
If we only reach the high $0.70 range and consolidate around $0.50 I'd expect a new 3 wave cycle that would first take us to roughly $6, briefly consolidate, run to $10, consolidate and run to $89.50, for the memes, before long term consolidation.
I expect our next bear market/long-term consolidation to be short lived, likely less 6 months of downward consolidation at most, before companies begin dragging consumers onto the network and we see the fabled 'stable growth, never ending bull run.'