DesireToTrade

After an incredible surge of 370%, the price took a downturn over the subsequent 123 days, resulting in a loss of 65% from the earlier gains. However, in late May, there was a break out from this down trend, hinting at the start of a new cycle.Wave 1 of the new cycle took place June 11th to June 27th with a price increase of 61%. Wave 2 of the new cycle appears to be concluding after a 29% retrace to it's current price and the .618 Fibonacci level.LCX has displayed rapid increases, surging by 370% in just 29 days and 61% in 16 days. Based on this trend, significant increases are expected to occur in wave 3.

After bottoming out on March 8th, JASMY finally showed signs of life and began a rebound.JASMY continued to complete a five wave cycle reaching a new local high on March 23rdPrice bounced off the .618 fib level at 0.0172 on April 15th, formed a double bottom on April 17th (4H chart) and bounced to the .382 Fib level where price formed a new local high on April 24thPrice has retraced and is now consolidating above the.618 fib at 0.0204 (4H chart) and has formed a double bottom-If this level holds, we can look for JASMY to head back to the April 24th high of 0.025 and the previous March 23rd high.-If the .618 fib level breaks then expect price to head back to 0.017-I'm expecting the .618 fib level to hold due to the following: -Numerous Positive Divergences on the 1H chart: Hist, RSI, Stoch, MOM, MFI, ADP -MACD is positive, increasing ADP level as the selling pressure has decreased

Start of Wave 1 Jan 28th, 2019- $3,156Peak of Wave 1 June 24th, 2019 - $11,563Wave 2: March 16th, 2020 - $5,629Wave 3: April 5th, 2021 - $58,794Wave 4: July 12th, 2021 - $32,933Wave 5: November 8th, 2021 - $69,000Each wave coincides with pivot pointsMACD is increasing as of Feb 5th on the weekly chart and will flip green on the 3D and has already flipped on the 1 day.Currently the price is resting on support of the 200MA on the monthly chart and exhibits positive divergences with Stoch, CCI, MOM, OBV, MACD, RSI on the weekly chart.The rebound is likely due to the bounce off the 200MA and will hit the .618 fib around $48,599 - $52.257. This is all dependent on the weekend rally holding strength which historically has failed.Weekend pumps tend to retrace on Monday and lose any steam as the weekend ends so this will be a good time to exit any longs.