#MG8 Coin Chart Analysis
Before reading the analysis, please note that Elliott waves may not work as well with #altcoins .
I believe #MG8 Coin has formed an impulse wave (12345 wave). If we assume that an ABC (3-3-5) correction has occurred, then I expect a rebound to begin from now on.
The movement of this coin will likely depend on how much accumulation the big players have done.
If the impulse wave and correction are accurate, I expect an upward trend to start. However, if it declines, we should also consider the possibility of a lower low.
Isn’t this kind of movement the charm of altcoins? MG8
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