Looking at the of O.K. Cash, we can see that just two days ago it had a huge spike with that took it from 22 cents to 50 cents in one day. Then it retraces with a lot less the last 2 day to just 24 cents. Overall it raises from a minimum of 15 cents in October 23 to a maximum of 50 cents, October 31. Then it retraced about 77% of the entire rise, to 23 cents, giving us a great opportunity to catch it at a decent price.
The kind of we are looking at it, is the kind of that made it move from 10 cents to 88 cents in two weeks last time in September of these year.
Also, we just broke up out of a triangle with huge , which is very . It is just a $17.6 million-dollar market cap coin, so it has lots of potential for huge gains.
In addition, we have a crossover with positive diverge as seen on the chart.
Looking at the Pattern of these chart, we have just entre into primary wave 3, being primary wave 1 from the minimum of 2 cents these year to a maximum of 88 cents in September, and primary wave 2 from 88 cents in September to 15 cents in October. Now I expect primary wave 3 to take it to about $1.50 dollars, maybe more, and it would still only be 1.618% the ratio of wave 1. But it would still be about 8 times its current price.
Well see, it looks like a good stock to shoot for the fences with some of your portfolio.
Good Luck in your decisions
It might not be a bad idea to buy some ahead of it. I already did.
I could do a short-term Elliott Wave Count if you guys want me to.
I know that time is very valuable in the cryptocurrency space, and that something else may be doubling while you are holding this one, but 3 or 4 to 1 in one month or so seems pretty good to me. But yet, you have to be more patience. Patterns take time to develop.
Good Day to You All
I am too new to Cryptocurrency to see how fundamentals affect prices.
Either way, right now everything is selling off, except Bitcoin Cash, but that could reverse next week and things could start to rally again.
Well see, I am holding on based on technical analysis.
Good Luck to You