Bullish scenario
This is my elliot wave count of the latest pump of this coin. I expect one more big wave to the upside before correction. The drawn trend-line must hold for continuation. If trend-line breaks, then it is recommended to sell if you trade this coin, if you hold then holding should be good as this coin can go much much higher. This coin is good ponzi i think.
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This is my elliot wave count of the latest pump of this coin. I expect one more big wave to the upside before correction. The drawn trend-line must hold for continuation. If trend-line breaks, then it is recommended to sell if you trade this coin, if you hold then holding should be good as this coin can go much much higher. This coin is good ponzi i think.
If you like this technical analysis, please hit the like button and do not forget to follow me for more of these ideas!
Comment:
Funding rate on Binance futures is very negative, this favours bulls.
Comment:
The trendline is broken so its not looking good now
Comment:
This Elliot Wave count is still valid, as the (4) wave cannot go below (1) wave. The (4) wave is deeper than i expected, but it still has potential to make 5th wave to the upside to target 6.22.