TrueFi (TRU) yet to really run.

16 févr. 2021

Of course there's a strong chance that BTC volatility will play havoc with this prediction. But Tru printed a very clear, textbook 5 waves up before rejection at ~60c, at almost exactly 1x waves 0 - 3, measured from wave 4 low. I did think there was a chance to print an extended wave 5 (1.618 x waves 0 -3) but TRU went into correction, as many alts also completed 5 waves in a market ready for some cooling off overall. Should the trend indeed play out 'Long' as anticipated in this Idea, there's also the chance of wave 3 extending further than charted here. This chart is 4h chart which make TRU a very new listing on Binance. It's yet to really have its run, so there's every possibility that a higher degree is in play. Wave 1 has been printed and wave 3 is yet to come. As part of the DeFi family of coins, this one is a steal at this level and is still flying under the radar, with a market cap of 67.5m at the moment.

From the TrueFi website: "TrueFi is an uncollateralized lending DeFi protocol, powered by TRU. It allows lenders to earn high, stable returns on loaned cryptocurrencies (starting with TUSD) while having full transparency on how the loaned capital is allocated."

18 févr. 2021

Transaction en cours

Looks like it's underway here... Is this wave 3 incoming? Let's see... *popcorn*

13 mars 2021

Note

Been a while since updating this. Of course BTC ended up playing havoc with the projection, and halted the advance of the alt-market as a whole. A cool off period was on the cards, in any case. So, is this idea still in play? If, as consensus would claim, this is just part of the 'March' correction (historically march isn't a bullish month), and that overall the bull market is still on (I believe it that it is), it remains true that TrueFi is yet to run. So, the higher degree impulse also remains possible. The correction didn't make a new low, but stopped at the .886 retrace level. Still legitimately wave 2 territory... *popcorn*