Greetings to you crypto lovers. I am sure that many of you have heard about Mina, and maybe even already purchased it for yourself, or are just thinking about buying it. I'm analyzing Elliott waves and I'm going to show you the current wave structure by Mina.
The growth from $0.92 to $6.47 represents a motive phase of the market and is an impulse wave. On September 14, the corrective phase of the market began to unfold in the form of a flat. I assume that the wave (c) of the flat ended at $4.09 or is close to completion. If the flat ended at $4.09, then we have a running flat in front of us, which means that the upcoming third wave will be extended and super-fast. If the wave (c) of the flat is not yet completed, then Mina may decline to $3.75.
I stick to the first idea and expect to see a clear bullish impulse from $4.09.
It is likely that with the upcoming growth, many different positive news about the success of Mina will appear. This will undoubtedly add fuel to the fire.
The growth from $0.92 to $6.47 represents a motive phase of the market and is an impulse wave. On September 14, the corrective phase of the market began to unfold in the form of a flat. I assume that the wave (c) of the flat ended at $4.09 or is close to completion. If the flat ended at $4.09, then we have a running flat in front of us, which means that the upcoming third wave will be extended and super-fast. If the wave (c) of the flat is not yet completed, then Mina may decline to $3.75.
I stick to the first idea and expect to see a clear bullish impulse from $4.09.
It is likely that with the upcoming growth, many different positive news about the success of Mina will appear. This will undoubtedly add fuel to the fire.