NOT FINANCIAL ADVICE
We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC.
On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal).
While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due to late 2020's insance parabolic bull run, an overcompensated corrective waves can be expected.
While there are no theories that confirms this, the tingling elliotician in me tells me that there is a good chance that we can anticipate an impulsive Wave C down, which is currently underway.
A decent price target of $0.058 means Wave II will retrace and touch 0.786 fib levels before making its way towards new ATH on a good Wave III towards the end of this year with a target price of $0.311 at least.
With such price targets, we are looking at a possible gains of 536% gains ($0.311/$0.058 * 100%).
Good luck with your trades~!
We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC.
On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal).
While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due to late 2020's insance parabolic bull run, an overcompensated corrective waves can be expected.
While there are no theories that confirms this, the tingling elliotician in me tells me that there is a good chance that we can anticipate an impulsive Wave C down, which is currently underway.
A decent price target of $0.058 means Wave II will retrace and touch 0.786 fib levels before making its way towards new ATH on a good Wave III towards the end of this year with a target price of $0.311 at least.
With such price targets, we are looking at a possible gains of 536% gains ($0.311/$0.058 * 100%).
Good luck with your trades~!
Comment:
Targets achieved.
China's crackdown on crypto transactions spooked mostly new investors as massive selloff ensued.
But, OG knows that this is the time to capitalise on.
Bull markets make you money, but bear markets make you rich.
China's crackdown on crypto transactions spooked mostly new investors as massive selloff ensued.
But, OG knows that this is the time to capitalise on.
Bull markets make you money, but bear markets make you rich.
Daily Chart preview for potential Wave II retracement.