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