My personal analysis using Elliot waves on FDR
Here the FDR in relation to BTC.
We see 6 months of accumulation and increasing volume, with a rising price in recent weeks.
And the same using FDR in relation of USD
6 months of accumulation with increasing volume around 20k usd per day these last weeks
Lets take a look with Elliot waves
The f(x) Elliot wave of FDR/BTC went from 1000 Sat (1) to 100 Sat (2) last year 2020/2021,
and from 3000 Sat (3) to 500 Sat this year (4) 2021/2022
One could expect with some probability to touch at least 3000 Sat, double 6000 Sat and be able to imagine 9000 Satoshi (5) in 2022/2023?
That's $3-4usd?
And it's not over.
The analysis with Elliot curves is more valid with the FDR/USD pair so
(1) = 0.11 usd
(2) = 0.03 usd
(3) = 1.20 usd
(4) = 0.23 usd
Elliot's three rules are overridden
- Rule 1: wave 2 cannot trace more than 100% of wave 1
- Rule 2: of waves 1, 3 and 5, wave 3 can never be the shortest (it is often the longest).
- Rule 3: in an impulse, wave 4 cannot test wave 1
Logarithmic
Lets see what happen is we use a logarithmic wave
If we take a logarithmic curve of FDR, point 5 is likely to be quite high touching the 3-4 usd
We can expect around x10 in the next weeks/months
See also my previous post :
What is FDR was the most ecological blockchain project?
Buy a few bags on Stex, start your Masternode and reduce your blockchain footprint
Disclaimers: I am not a trader and these are just guesses to start thinking about the subject.
