Sersh Correction over? 5 Wave impulse brewing?
Idea and supporting comments added on chart
Not much price action history to go by so awaiting structure development to further adjust and verify as we progress
Purely speculative at this stage but considering where VC investors bought this coin it seems likely that negative price exhaustion is taking place. Volume supports the turn-around event
Wave 1 might be hard to identify as it starts its reversal but I do suspect wave 3 to be the largest and most significant move. Possibly even taking out the TP2 in one impulsive move.
Let's see how it develops...
Market caps this size will violate a lot of rules and expectations but this is my realistic expectation of the remainder of the bull market for 2024 and my personal exit targets...
Good luck out there and have fun!
Not much price action history to go by so awaiting structure development to further adjust and verify as we progress
Purely speculative at this stage but considering where VC investors bought this coin it seems likely that negative price exhaustion is taking place. Volume supports the turn-around event
Wave 1 might be hard to identify as it starts its reversal but I do suspect wave 3 to be the largest and most significant move. Possibly even taking out the TP2 in one impulsive move.
Let's see how it develops...
Market caps this size will violate a lot of rules and expectations but this is my realistic expectation of the remainder of the bull market for 2024 and my personal exit targets...
Good luck out there and have fun!
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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.