PPT +75000% Potential, target range $460-$522 January 2022
I am testing my long term targeting skills and published this so I can look back over a year from now and check my work. This token is something I am holding.
I am using the PPT/USD monthly chart. Last month just closed above the 8 EMA, so I am taking that as a signal PPT token is ready to go on it's next big run.
I Plotted Grand Fibonacci lines projected out from the $.75 cent top from June 2020. They seem to line up appropriately with the chart history, so I trust them to be accurate.
I then Plotted a Fibonacci extension from $.75 up to the all time high of $124. Just to check , I played with moving down from $.75 to $.35 and the final result was a differnce of about $3 at the final target. Too small of a difference for me to care.
The result is a target range from Grand Fibonacci $460.91 to Fib Extension 4.23 at $522.86.
I'm assuming that if it's 27 months from top to bottom, then about 20 from bottom to top sounds right to me +/- a few months either direction. 20 Months is January 2022.
Lastly I drew an Elliot wave 1-2-3-4-5 pattern to the 23.6% Fib line at $29.82 as my most likely wave 3 top due to heavy resistance there.
I am using the PPT/USD monthly chart. Last month just closed above the 8 EMA, so I am taking that as a signal PPT token is ready to go on it's next big run.
I Plotted Grand Fibonacci lines projected out from the $.75 cent top from June 2020. They seem to line up appropriately with the chart history, so I trust them to be accurate.
I then Plotted a Fibonacci extension from $.75 up to the all time high of $124. Just to check , I played with moving down from $.75 to $.35 and the final result was a differnce of about $3 at the final target. Too small of a difference for me to care.
The result is a target range from Grand Fibonacci $460.91 to Fib Extension 4.23 at $522.86.
I'm assuming that if it's 27 months from top to bottom, then about 20 from bottom to top sounds right to me +/- a few months either direction. 20 Months is January 2022.
Lastly I drew an Elliot wave 1-2-3-4-5 pattern to the 23.6% Fib line at $29.82 as my most likely wave 3 top due to heavy resistance there.
Comentarios:
Yeah, and then 20 minutes later this happened
Comentarios:
Now is a decent time to re-enter PPT again. Turns out that Wall Street Bets pump and Dumped PPT. Now the price has pulled back 84% from the peak and ETH is on the move again. Time to back up the truck on PPT while everyone is scared and selling.
This message was sent out to my telegram channel 3 days ago on 3/4/21.
"Here is my take profit target for exiting about 25-50% of my holdings. Looking at around $27 which is about 1060% higher than current price.
This is a position I am irresponsibly long with. The responsible thing to do would be to put about 2% of my portfolio into this token. I entered with about 4%, and now it has climbed it's way up to around 15% last I checked.
Anyway, PPT looks like it's headed for a breakout above $3 very soon, and then it's off to about $5. Beyond that it's off to the races.
Here is the updated chart from this morning.