I have reasons to believe in a correction of at least 20%.
1. Market euphoria.
2. ATH.
3. 78.6 retracement after the gigantic fall.
4. Temporary massive sale.
Personally, I think it is not a good idea to sell. It is best to wait for better prices to buy.
Below 55k, its a good idea to BUY.
Take care.
JB.-
According to my analysis, this coin is likely to fall by around 70 to 80 percent, my reasons...
1st; It has just been listed on binance.
2nd; It is creating a very long wave, like Elliot's third wave.
3rd; The market is in euphoria, and everyone wants to become a millionaire, that creates an institutional psychological sale to create subsequent support.
I may...
We're in the the beginning of the 4th wave - shorterm, in the way of the 5th wave longterm. I am expecting a downside movement to 26916.2
We can set buy position at that price (26916). (Spot)
Targets: 100k, 130k
After reaching 100-125k, I am expecting ABC corrections towards 2-8k zone.
For holding: below 10k. Gold price: 2000 (C extensive)
Target: 1MM...
Based on my analysis, we are at the end of the 4th wave... The 5th wave based on my opinion, needs to be 2500-2600 range.
Risk: 0.01 by every 1k in your account.
At the beginning of the market.
SL: 1434
TPS: 1995, 2100, 2300, 2500, 3000
See you soon!
