I consider this project to be one of the most undervalued at the moment in the crypto space. My forecast here is subject to the overall market moving towards a bullish momentum and the project achieving certain milestones (Core Protocol Launch, Major new Partnerships, Exchange listings ...etc).
This trend will go on phases and each phase is subject to the previous phase being complete.
Phase 1: The price has to break the downtrend line in order to confirm the start of a new uptrend. This correction have been going on since October of 2020 & it has to be broken first.
Phase 2: The first major resistance has to be broken and the price shall come back for a re-test of that resistance in order to confirm it as support.
Phase 3: The previous ATH resistance has to be broken and turn into support. The price will be exhausted at that point so the pullback will be a bit longer.
Upon the completion of these 3 phases the price shall go towards its last run (along with the last parabolic move of the market) and this will end the 5 waves WXYXZ last impulse. I'm expecting the price to hit one of the 3 Fib extensions in the chart. Ideally, it'll land somewhere between the $11-$30 range.
Good luck
This trend will go on phases and each phase is subject to the previous phase being complete.
Phase 1: The price has to break the downtrend line in order to confirm the start of a new uptrend. This correction have been going on since October of 2020 & it has to be broken first.
Phase 2: The first major resistance has to be broken and the price shall come back for a re-test of that resistance in order to confirm it as support.
Phase 3: The previous ATH resistance has to be broken and turn into support. The price will be exhausted at that point so the pullback will be a bit longer.
Upon the completion of these 3 phases the price shall go towards its last run (along with the last parabolic move of the market) and this will end the 5 waves WXYXZ last impulse. I'm expecting the price to hit one of the 3 Fib extensions in the chart. Ideally, it'll land somewhere between the $11-$30 range.
Good luck