There is a large move up followed by a corrective three wave down. The first and third of the three waves is broken into 5 clear sub waves. The middle wave is three clear waves.
If I am reading this correctly, then Elliot wave theory would predict an upwave similar to the last upwave should occur. It could add $60-$100m to the market cap.
I have no idea if this will happen. I get these wrong all the time and this isn't trading advice. It's just an observation. I don't even understand why the waves would be predictive in any way. I also don't have any data on how often the waves work out or if I am reading them correctly.
So what do you think? Is pivx about to reach a new high, keep falling or something else?
Note: I do own pivx coins.