If my my identification of the Elliot Waves are correct, we should see a big movement to the upside very soon.
According to the cycle, the next leg up should surpass the the high of the 5th wave(900 USD).
The more conservative target would be 1000 USD whilst a more optimistic target would be between 1000 - 1200 USD.
If it plays out, there is opportunity for 60% gains however it will more than likely take 2-3 months to complete this first wave.
Price has bounced off the support line on multiple occasions. Currently price is relatively close to it, so now maybe a good time to jump in.
Thoughts and feedback welcome!
According to the cycle, the next leg up should surpass the the high of the 5th wave(900 USD).
The more conservative target would be 1000 USD whilst a more optimistic target would be between 1000 - 1200 USD.
If it plays out, there is opportunity for 60% gains however it will more than likely take 2-3 months to complete this first wave.
Price has bounced off the support line on multiple occasions. Currently price is relatively close to it, so now maybe a good time to jump in.
Thoughts and feedback welcome!