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TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
TrueFi / TetherUS
Long
TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
By UnknownUnicorn2537518
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Jul 14, 2022
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Jul 14, 2022
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
We can also get stopped by the descending blue trend line, but i think it will break up!
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" & "Follow"!
Ascending Triangle
Bearish Trend Line
Broadening Wedge
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
Support and Resistance
TRUBTC
TRUUSD
TRUUSDT
Volume
UnknownUnicorn2537518
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