this idea is a combination of fundamental world view .. painted on chart using Elliot wave .. upcoming 4rth is a primarily a technical trade and not a fundamental trade... however given the current economic situation ( inflation again creeping up and remaining persistent ) forcing central banks to postpone rate cuts , employment and wage situation ( pointing at...
started buying xem because of its wave counts. Fundamentally fed is more likely to shift its focus on its second mandate which is employment. unemployment is going up which will control inflation but a steep rise in unemployment will force feds to cut rates.. current expectation is one rate cut around September..which is likely to drive market up.
short position on link stop above 23.8 target anything between 13.9-12$
apparently it looks like INJ is going to take a deep correction, everything is mentioned on chart if anyone needs an explaining kindly post a comment i will explain.
BTC is making 4rth wave.. which can correct anywhere to that box ... and then it will rally one more time.