Update for the last analysis.
1. Channel is finally broken.
2. Possible move to 0.618 fibo - 3$.
3. In positive case - goin to ATH.
4. In negative - just correction and continue of downtrend to 0,2$.
There is great selling pressure on Shiden.
My last idea is failed, so i'm not so optimistic anymore and have 2 possible ways for this coin.
Good (green) scenario means that SDN have ended ABC correction with -80% price drop.
Bad (red) scenario means that we ended only wave A, so its likely to expect small corrective wave B and than strong C, which push price to...
Well, now we have long and sharp correction from 8$ level looking like triple zigzag.
If wave C will be equal to A in wave Z we can predict bottom at 2.590$, but it could be higher or lower.
This is fresh new coin, so we can't see support levels below 3$, which made it very hard to predict.
Even if my count is wrong (not triple zigzag, but wave A for example),...
I'm not professional trader, this idea is only my own prediction.
Basing on Elliott wave's count i think that cycle of growth is not over yet. This 50% correction is possible wave IV in global cycle, which ends in price range of subwave 4 of III (near 30k).
So i'm waiting wave V minimum to ATH (64k) or higher to 80-90k.
But if BTC fails to break 46k we can see...
