This analysis is offered as an alternate view from all the moon callers. It could age very badly, but I'm good with that. The purpose is to share the idea, how I see this one unfolding in the near future.
I have two scenarios.
1. TEL has finished its first move. (Primary)
Why:
- This impulse could be counted as five moves up
- It has moved +100,000% off the low. Things don't go up forever
2. We're in a fourth wave here and there's one last move up before the wave two correction (See dotted line).
- This would have the move finishing at $0.12 - $0.16
In either scenario, I am expecting the correction to end at around $0.003. Thereafter, the expectation is wave three, where TEL would see significantly higher prices. That could be mid 2022 or further into the future.
Note: This should not be considered as advice to buy or sell Telcoin.
I have two scenarios.
1. TEL has finished its first move. (Primary)
Why:
- This impulse could be counted as five moves up
- It has moved +100,000% off the low. Things don't go up forever
2. We're in a fourth wave here and there's one last move up before the wave two correction (See dotted line).
- This would have the move finishing at $0.12 - $0.16
In either scenario, I am expecting the correction to end at around $0.003. Thereafter, the expectation is wave three, where TEL would see significantly higher prices. That could be mid 2022 or further into the future.
Note: This should not be considered as advice to buy or sell Telcoin.
