The initial wave is in and the higher low is being established as I write this. With the higher low in place (wave two), we can use the Fib. trend-based extension tool to project the end of wave three.
➖ There is really high volume in early January, as the first wave gets underway. This is the strongest bullish signal.
➖ Long story short, the 1.618 Fib. trend-based extension level ends at 286 sats, which equals about 350% potential.
The setup looks really good specially when we take into consideration the high volume and strong RSI.
PEOPLEBTC is ready to resume growing. Can go even higher long-term. This target is set to hit mid- to short-term. (1-3 months).
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.