Hi crypto traders!
TEL had a massive run, similar to DNT. This subwave 1 of wave 5, TEL broke first. This is a good signal for DNT as it may follow this same trend too.
Anyways, back to TEL, if you draw a fib extension from the previous highs to the all time lows, you can find the 65c fib extension as a major target. When it comes to Elliott wave count, you can see than we have finished the wave 3, a month ago and now we are in the beginning of wave 5. This will be the last wave so profit taking on the way up it will be a wise choice to make.
Stay safe!
TEL had a massive run, similar to DNT. This subwave 1 of wave 5, TEL broke first. This is a good signal for DNT as it may follow this same trend too.
Anyways, back to TEL, if you draw a fib extension from the previous highs to the all time lows, you can find the 65c fib extension as a major target. When it comes to Elliott wave count, you can see than we have finished the wave 3, a month ago and now we are in the beginning of wave 5. This will be the last wave so profit taking on the way up it will be a wise choice to make.
Stay safe!
