The initial wave is in and the higher low is being established as I write this. With the higher low in place (wave two), we can use the Fib. trend-based extension tool to project the end of wave three.
➖ There is really high volume in early January, as the first wave gets underway. This is the strongest bullish signal.
➖ Long story short, the 1.618 Fib. trend-based extension level ends at 286 sats, which equals about 350% potential.
The setup looks really good specially when we take into consideration the high volume and strong RSI.
PEOPLEBTC is ready to resume growing. Can go even higher long-term. This target is set to hit mid- to short-term. (1-3 months).
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