Now, there are bearish cases as well of course, here I will just discuss the possible bullish case.
All the fibs on this chart is just from the first little 12345 wave up. As we see, they have played a major role. As for Elliot wave, i can find 12345, with a possible 12345 extended wave in the wave 5. Then we can find an ABC that takes us down to the 0.50 fib of the entire big 12345 up. That has held, this is the clue for it to continue holding if we can have a short term bullish look on this one. It wasnt a deep correction, wspecially for an extended 5th wave. However it bounced on this trend line, that goes back to the first little 12345 "genesys wave" , or "its bornt wave" as Rick would have said.
There is a possible chance for it to hold this line, and somewhat stabilize before we see new moves. There is a chance we can see the higher fibs , that can take us to around 90 cents-1.5 dollars
This is definately on my watch list, this can get huge.
*it might go lower first, to put in a lower C wave. A clean break of the trend line is my indicator of this scenario. it needs to slowly put in higher lows now next days ( or minutes, am I right GRT ? you sick beast )
As for fundamentals, I just read a little bit, it seems like a smart new project. Perhaps it can be fueled by some defi craze
Pesanan dibatalkan
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looking for new support.
Komen
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the bearish idea :
Komen
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Im considering longing this one when it breaks the downward channel ( pink fat line )
@iamiota, oh no , never do that !
DCA requires luck : you buy into something failing, hoping it will recover plus cover your losses. Not the way to go. Not IMO, i mean = PERIOD.
This is like a gamblers idea, " now I just need to double up 3 times to get me back to zero "
that is so not the game, sir
I am not sure if it was a joke i didnt get, lol ?
If not, perhaps it was a joke you did that you didnt know was a joke ? that last one there was a total decent joke imo btw