Like so many other oversold altcoins, Patientory appears ready for a possible 238% run-up over the course of the next two weeks. I think it really all depends upon what BTC holders decide to do with their post-25th proceeds -- coming up on the holiday season, after all. People may be more interested in buying real toys than PTOYs. All my altcoin charts are...
I'm always reticent to call a top -- particularly a new ATH on something as emo-driven as BTC -- so I erred on the side of caution and interjected an "opinion" of $6400. I know this isn't valid TA, but as many arbitrary squiggles as I see hand-drawn on many charts, I figured I'd throw it into the pot. I'm pretty comfortable with the $3600 end of the correction...
Publishing "notes to self" on a what-if? scenario to test a combination of pitchfork & Fib SR Fan (removed for visual clarity) to determine Elliott impulse wave 5 -- callouts are not recommendations but notes to see how the model performs into early December... Why NXS? Cause Nexus is an interesting project that gets no love.
A first post and attempt to grok Elliott wave dynamics. This model was built on a pitchfork framework -- the ATL, ATH, and most recent low as anchor points -- and employed Fib scaling to emulate the most recent wave's timeframe and price action without breaking the Elliott rules too much. I'm a way off from properly labeling points and features in a chart, but I...