$TRUMP Analysis: High-Risk, High-Reward Outlook! 🚨

While many traders hesitate to apply technical analysis to newly launched coins, I’m opting for a more unconventional route to uncover hidden opportunities. Today, we’re zooming into the 30-minute chart of $TRUMP, as shorter timeframes are better suited for fresh coins with limited historical data.

Upon reviewing the chart, an intriguing formation emerges: an inverted Elliott Wave structure with the initial three legs (1-2-3) already established. Alongside this, a Falling Wedge pattern is taking shape—a classic indicator of an impending trend reversal. If the Elliott Wave Theory holds true, we can expect the next moves to unfold as legs 4 and 5, followed by a typical A-B-C corrective phase. While traditional analysis suggests the C leg may align with the 0.786 Fibonacci retracement level, the presence of the Falling Wedge hints at a more aggressive move, potentially pushing the C wave up to the 1.618 Fibonacci extension.

Bold Price Projection: $55 on the Horizon?

Considering the current technical setup, there’s a compelling case for $TRUMP to rally towards the $55 mark by the end of the month. The synergy between the inverted Elliott Wave and the Falling Wedge patterns provides a strong foundation for this bullish outlook. While the prediction is undoubtedly ambitious, the technical indicators suggest that such a move is within the realm of possibility, especially in the highly volatile world of crypto.

Final Thoughts: A Chart Worth Watching

As we track $T$TRUMP er the next few weeks, this analysis will be key in gauging whether these technical patterns play out as expected. While the risks are inherent with such bold projections, the potential rewards make it a scenario worth monitoring. Stay tuned to see how this unfolds in the coming days! ⏳📈

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