Request REQ - Massive wedge is breaking out! + New bull market
- We have a huge falling wedge on the daily chart, and the price is currently breaking out!
- As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale.
- We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others.
- The first profit target is at a strong resistance (Wave B) + 0.618 FIB, but I think we can reach a new all-time high, maybe next year.
- As you can see on the chart, the main trendline has been destroyed by the bulls and the price is printing an inverse head and shoulders pattern!
- I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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