Long
SHI/WETH - Uniswap - Elliot Wave Count

This could be worth a punt, its messy but I can count all the waves in the bottom there
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just checking in on this its still going wellthis is the current shi/weth structure but with shib/weth fractal layed over the top there has been a lot of talk about the origins of this coin and its relationship with shib , its got all the ingredients to go on a mental one at some point up into the billions market cap i think
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looks like this is finished in the short term, It didn't quite hit my target, but 10X from the call , cant complainNote
could well be the top of a 3 wave its bang on the 3.618. its poss it does another quick spurt up like an x or b wave just above the high, but im not hilding my breath, better to take a bit of profit here i think , if it does pull an x take some more, and hold out to snipe the wave 4 bottm and ride the 5th up there somewhere Note
time to get out of this one if youre not alreadyNote
profits into shib probablyNote
i noticed it was getting shilled a lot last week on twitter, so some exit liquidity was probably needed, risk now out weighs reward on this i think and there are better plays out there until this cools off a bitNote
Getting down there now, i think we just need a bit of final capitulation to get down into that 0.786 target area, Then I imagine we will get a few months of sideways consolidation , and then poss an X/B wave back to the highs and a correction before it starts setting up the minors of macro 3Note
yep, , I think this is a buy again now, ride it up to all time high and take profit there somewhereDisclaimer
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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.