To me, this chart looks like it has completed or is close to completing a three wave flat after a clear five waves. The correction is deep but that's nothing new for young assets. The 0.94% has been tagged and the correction has just hit three times the length of the first wave in terms of time.
If we are in the process of setting up for a third wave, I'd expect to see some action in the not too distant future.
I'd be aiming for a 1.618 (Linear) extension of the first wave but there is a possibility of price exceeding this.
Some form of catalyst may help get it started. Privacy is certainly underestimated and may well be a potential reason for demand.
Fundamentally, I' know nothing about the project.
If the initial low of 2016 is taken out, then this post is garbage
This is purely speculative, I'm an expert at losing money in the game so following blindly isn't recommended.
Any EW traders with a different view, feel free to share your thoughts.
If we are in the process of setting up for a third wave, I'd expect to see some action in the not too distant future.
I'd be aiming for a 1.618 (Linear) extension of the first wave but there is a possibility of price exceeding this.
Some form of catalyst may help get it started. Privacy is certainly underestimated and may well be a potential reason for demand.
Fundamentally, I' know nothing about the project.
If the initial low of 2016 is taken out, then this post is garbage
This is purely speculative, I'm an expert at losing money in the game so following blindly isn't recommended.
Any EW traders with a different view, feel free to share your thoughts.