Post
Risk Analysis $TRUMP ! 🚨
Traders are usually hesitant to conduct technical analysis on a brand new coin. But I wanted to set myself apart and give it a try. My analysis is based on the 30-minute chart - it is understood that a longer time frame is not practical for a coin that is only a few days old.
Looking at the chart, we can see an inverse Elliott wave pattern with legs 1-2-3 completed. This pattern is accompanied by the formation of a descending valley. According to the Elliott wave structure, legs 4-5 are expected to complete and A-B-C is expected to correct. While it would be safer to predict that leg C will end at the 0.786 Fibonacci level, I have the descending valley pattern in mind and expect an extended trend of leg C, which may end at the 1.618 Fibonacci level.
In short, seeing TRUMP reach $55 by the end of the month seems very reasonable. 📈
Let's see how things develop! ⏳#TRUMPTokenWatch #crypto2025 #BinanceAlphaAlert #VeThorOnBinance #Trump2024 $TRUMP
{spot}(TRUMPUSDT)
Traders are usually hesitant to conduct technical analysis on a brand new coin. But I wanted to set myself apart and give it a try. My analysis is based on the 30-minute chart - it is understood that a longer time frame is not practical for a coin that is only a few days old.
Looking at the chart, we can see an inverse Elliott wave pattern with legs 1-2-3 completed. This pattern is accompanied by the formation of a descending valley. According to the Elliott wave structure, legs 4-5 are expected to complete and A-B-C is expected to correct. While it would be safer to predict that leg C will end at the 0.786 Fibonacci level, I have the descending valley pattern in mind and expect an extended trend of leg C, which may end at the 1.618 Fibonacci level.
In short, seeing TRUMP reach $55 by the end of the month seems very reasonable. 📈
Let's see how things develop! ⏳#TRUMPTokenWatch #crypto2025 #BinanceAlphaAlert #VeThorOnBinance #Trump2024 $TRUMP
{spot}(TRUMPUSDT)
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