One of the most promising coin in the DEFI fell from 5.75$ to 0.32$ in les than 3 months.
By simply doing the Fib retracement, we should hit the basic 0.236 FIB at 1.50$. Thats nearly 100% that should be done easy by EOY.
Simply following Elliot Waves, we could see we are in WAVE 3 leading to 1.15$-1.20$
The golden fib is near 3.65$, 465% from here.
As violent the fall, as violent the retracement. Compared to YFI retracement (44k to 7.5k to 32k), it is indeed promising.
YFI show us the way in a sens of the alt season to come.
By simply doing the Fib retracement, we should hit the basic 0.236 FIB at 1.50$. Thats nearly 100% that should be done easy by EOY.
Simply following Elliot Waves, we could see we are in WAVE 3 leading to 1.15$-1.20$
The golden fib is near 3.65$, 465% from here.
As violent the fall, as violent the retracement. Compared to YFI retracement (44k to 7.5k to 32k), it is indeed promising.
YFI show us the way in a sens of the alt season to come.
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Zoom on Elliott waves
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Another view of the same trade
