TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave

14 Jul 2022

• Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
  
• On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
  
• If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
  
• As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
  
• Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
  
• We can also get stopped by the descending blue trend line, but i think it will break up!
  
• Look at my ideas about interesting altcoins in the related section down below ↓
  
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