This is a long-term analysis for the weekly time frame. Our guess is that the price will return from around 0.012 to 0.015 and even higher (completion of wave 4) and then complete its wave 5 at around 0.053 to 0.041.
If this happens, buying it spot is quite low-risk and we can even look at it for a long-term hold and an investment under one condition.
If this Elliott analysis is correct, the price could reclaim its new high within two years or more and even see numbers beyond it.
In terms of timing, late July and early August are a good time for the end of wave 4 and late 2025 and early 2026 are ideal times for the end of the hypothetical wave 5.
If this happens, buying it spot is quite low-risk and we can even look at it for a long-term hold and an investment under one condition.
If this Elliott analysis is correct, the price could reclaim its new high within two years or more and even see numbers beyond it.
In terms of timing, late July and early August are a good time for the end of wave 4 and late 2025 and early 2026 are ideal times for the end of the hypothetical wave 5.
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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.
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.