According to the newest Elliott Wave Analysis of this relatively interesting cryptocurrency is now rallying higher on a high volume, but there is still missing the fifth wave to the downside. When the last wave down is made, then there will be a potential for another leg up, but fore now cautious is advised on the way up.
Note
The impulsive wave 3/C had been completed sooner than expected after wave (iv) overlaps wave (i).Currently, the price might have entered an impulsive cycle to the north with a potential target at the level of 0.0009165.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.