Holding on to TRUMP Coins? Analyst Predicts Upsurge to $79
Let's Talk 'Bout TRUMP Coin
Master Ananda, an eccentric crypto guru, has dropped a bomb on the cryptosphere, forecasting that the TRUMP coin could soar to an unprecedented $79! This prediction is based on the Elliott Wave Theory, promising a bull run and a new all-time high (ATH).
The Elliott Wave Theory: A Key to Decoding the TRUMP Coin's Future
In his intriguing TradingView post, Master Ananda reveals that the TRUMP coin's recovery will happen on Wave 5 of the Elliott Wave structure, resulting in a strong correction leading to a higher low. This new low will then lead the meme coin to reach new highs, with the target being a dazzling $79.35!
Who Needs Doge when BONK is About to Pop?
Turning his attention to the current price action of the TRUMP coin, the analyst implies that the higher low is already in. As the coin surges, there will be no resistance until it breaches $25.35. Then, a temporary retracement might occur, followed by a higher low, setting the stage for the continuation of the upward trend.
Master Ananda predicts that once the retracement is completed, the TRUMP coin will move even higher, eventually hitting $34.61. Give it some time; patience is key as the meme coin edges closer to its next ATH. The market always moves up or down, so let's not jump the gun and hold onto our TRUMP coins instead of buying and selling at each target.
From a broader view, the analyst suggested that the next bullish wave will target $25, $34, and $43, clearing them as the TRUMP coin climbs its way to wave 5 and the $79 mark. A retracement might follow on the wave 4 move, but it's all part of the game!
What Next for the Meme Coin After its ATH?
Master Ananda cautions that a sudden bear market will descend after the rally to the ATH, but it won't be as harsh as the previous one. The upcoming bear market will be "fast and small," according to the analyst. Despite this, the long-term outlook is bullish for the TRUMP coin, and market participants should focus on long-term growth. Investors should swiftly accumulate TRUMP coins during this low-price phase while it lasts!
As of now, the TRUMP coin is trading at around $14.30 – a 3% jump in the last 24 hours, as per data from CoinMarketCap. Whether you're a skeptic or believer, the TRUMP coin promises an exciting road ahead!
Editorial Process
Enrichment data was provided due to the lack of specific information on Master Ananda and the TRUMP coin analysis using Elliott Wave Theory. Below is an outline of applying Elliott Wave Theory to the TRUMP coin:
- Identify the Primary Trend: Look for a 5-wave move up, which typically marks a major bullish trend in the market.
- Expect Corrections: Follow a 5-wave move with a 'ABC' correction, a natural retracement of the trend.
- Predicting New Highs: If the correction holds above major support levels, it could set up the next higher-degree bullish phase, potentially leading to new highs.
- Technical Indicators: Use other technical indicators such as RSI to confirm the strength of the trend.
- Market Structure: Analyze the market structure to identify potential retracement targets. For example, a common target for wave four might be near significant Fibonacci levels.
Since there is no specific information on Master Ananda or analysis for the TRUMP coin, you would need to apply these principles yourself or consult with a financial analyst who specializes in Elliott Wave Theory.
- Master Ananda, basing on the Elliott Wave Theory, predicts the TRUMP coin will reach an unprecedented $79, as it's likely to experience a bull run and new all-time high.
- In his analysis, Master Ananda suggests that the TRUMP coin, using the Elliott Wave Theory, could move even higher after a temporary retracement, potentially reaching $34.61.
- As the TRUMP coin climbs towards wave 5 and the $79 mark, a retracement might follow, according to Master Ananda, but the long-term outlook remains bullish.
- For those interested in investing in TRUMP coin, now might be an opportune time to accumulate coins, as the market could continue to climb, following the principles of the Elliott Wave Theory. However, investors should consult with financial analysts who specialize in Elliott Wave Theory for specific advice.
