This messy chart is how I view the world of crypto. This chart is in log and shows what I believe is the cycle of crypto miners and crypto in general. For this to play out I would want to see a bounce at the target one zone or just beyond it and then there will be a bounce, which is the final c leg up before the real correction begins and could take mara to the very lows, past target 2. This final leg up would last until about september to october before the correction. Only time will tell and this is highly optimistic with the way current price action has played out. Please note that my elliott wave analysis is far from perfect and I make changes to when to correct errors in my interpretation of the rules and this is one possible scenario. Will update as required.
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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.