We've already seen the memcoin trend this year, so it makes sense to look for coins that will continue that trend. And in this review, we'll look at the chart of a coin that is one of the best candidates for that role. I'll start with the background of this coin. Everyone knows Elon Musk's tweets, which so often influence the cryptocurrency market. And to McDоnald's offer to eat a burger on ether, he replied when you start accepting payment in Grimace. So the coin has unprecedented potential.
Moving on to the chart analysis, I've sketched out the history of the coin before the first listing of the coin so that the analysis is more complete. Grimaсe has already shown strong momentum, going from zero to 13 million cap. We are now seeing an A-B-C correction I believe we are near the end of wave A. So first idea:
EP: 4,8-5,0 TP 9 (profit ~85%).
The second idea is a medium-term trade, with an expected payoff time of 2-3 months. Entry subject to completion of A-B-C with the goal of reaching a coin capitalization of around 150-200 million (178 Fibonacci).
EP: 7,1-7,4 TP 178 (profit ~x23)
I think this goal is quite achievable, by comparison, the capitalization of PЕPЕ even now is about 650 million, and at the peak it was more than a billion. As for the long term perspective, if we imagine that McDоnald's for lulz will start accepting payment in this coin, the capitalization could be more than a billion. Yes, I agree that this is unlikely, but more absurd things have happened in the world.
Moving on to the chart analysis, I've sketched out the history of the coin before the first listing of the coin so that the analysis is more complete. Grimaсe has already shown strong momentum, going from zero to 13 million cap. We are now seeing an A-B-C correction I believe we are near the end of wave A. So first idea:
EP: 4,8-5,0 TP 9 (profit ~85%).
The second idea is a medium-term trade, with an expected payoff time of 2-3 months. Entry subject to completion of A-B-C with the goal of reaching a coin capitalization of around 150-200 million (178 Fibonacci).
EP: 7,1-7,4 TP 178 (profit ~x23)
I think this goal is quite achievable, by comparison, the capitalization of PЕPЕ even now is about 650 million, and at the peak it was more than a billion. As for the long term perspective, if we imagine that McDоnald's for lulz will start accepting payment in this coin, the capitalization could be more than a billion. Yes, I agree that this is unlikely, but more absurd things have happened in the world.
Transaction en cours:
The price has corrected, catching the orders in the buy zone and we can already see the momentum of more than 60% of the entry point, it is possible to fix a part of the profit.
Trade fermée: cible de profit atteinte:
We saw a larger correction than expected, but then a strong upward momentum followed. The first target was worked out with reserve, I took out the body of the deal, left the moonbag.
