Elliot wave theory seems to still be playing out nicely. If we...

Elliot wave theory seems to still be playing out nicely.

If we are now at the start of wave 4 - we should see an alternation to wave 2. Wave 2 was very smooth, almost straight.
Theory suggests wave 4 will be more sideways and irregular if wave 2 was smooth and straight.
If you look on the hourly chart this was exactly the case today.
The next wave up will obviously be wave 5 which the theory suggests will be around the same length as wave 1. Around 0.14c up. (0.02c-0.16c) Potentially around 38c-40c.(if raises up from current price).

Also to note this will give a rough market cap of around 200m. I would think we will see a future market cap within the next 3 months in the 300m-500m range as stated in previous post. So IMO still quite cheap for the potential this product has.

Cheers guys