Reason to take this trade
Strong FA and News
1.Top 10 in market cap-5,831,430,140 USD
2.Mainnet launch on may 31st
1.Wave 2 retraced to the fib golden pocket and wave hit 1.618 Fib extension of wave 1 and wave 2
2.wave 3 has retraced 0.38 fib (May retrace upto 0.5)
3.Very good possibility that wave 5 will hit 2.618 fib
considering we had a wave failure...
we assume we are completed the Wave A of ABC correction.with recent swin high -9217.5 and swing low-6404.5
With wave A we can assume a dead cat bounce of .236-.38 fib retracemnt.
However we have already above .236 fib , Based on the fact that we are yet to complete wave B with 3 waves up,The possible target is .38 ..i.e...