Bullish Solid 3 Days prediction!
(Give your prediction in comments let's see for 3days)
Current Price: $0.14600
My Counter Prediction:
$0.16800- in 3 days(.13-.16)
Reasoning:
The recent price action shows a slight bearish divergence, indicating a potential correction. The Relative Strength Index (RSI) is also in overbought territory, suggesting a pullback.
Elliott Wave Forecast:
Based on the 4-hour chart, I expect a corrective wave "B" to unfold, targeting $0.13800. This would be a 5.5% decline from the current price.
Wave Structure:
- Wave A: $0.13600 to $0.15200 (completed)
- Wave B: $0.15200 to $0.13800 (expected)
- Wave C: $0.13800 to $0.16200 (expected)
Please note that Elliott Wave analysis is subjective and requires continuous monitoring. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. This prediction is for educational purposes only and should not be considered investment advice. DYOR