This was more of a fun chart I did not alot of Technical Analysis the way I usually do but I decided to join the hype and chart it:
- After its crazy parabolic move it looks to be pumping around 100-120% then retracing 30-40%
-It has repected trend based fibs pretty well as you can see candle rejection and holding at alot of levels.
-Based on this assumption if it does retrace around 20-30% and holds on that fib level and even pumps another 60% we will see it at $1
This however could go to zero tommorrow based on how crazy it is but this is soley based on what I see on the chart, not taking into consideration ELON pumps lol
- After its crazy parabolic move it looks to be pumping around 100-120% then retracing 30-40%
-It has repected trend based fibs pretty well as you can see candle rejection and holding at alot of levels.
-Based on this assumption if it does retrace around 20-30% and holds on that fib level and even pumps another 60% we will see it at $1
This however could go to zero tommorrow based on how crazy it is but this is soley based on what I see on the chart, not taking into consideration ELON pumps lol
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