SUNCAT Triangle Ending, Going to $200M+ (Elliott Wave)

18 Eyl

SUNCAT is one of the blue chip memecoins on TRON, with a strong community, consistent volume, and stable price. It's currently sitting at around 10M market cap.

From a wave perspective, SUNCAT has formed into a perfect Neowave contracting triangle.

• Wave-a is the largest and most violent wave
  
• Wave-b takes more time than wave-a and retraces more than 61.8% of wave-a
  
• Wave-c relates to waves a+b in time, and wave-a by ~61.8% in price
  
• Wave-d relates to waves b+c in time, and wave-b by ~61.8% in price
  
• Wave-e relates to waves (c+d)/2 in time, and wave-a by ~38.2% in price
  
• Channeling creates a clear contracting pattern
  

Based on all these fibonacci price and time relations, and based on the longer-term chart it appears that we are ending this triangle now and preparing for a move towards at least 200M market cap assuming this next move up is similar in size to the last move up. If it is larger then it's possible that SUNCAT could go to 11B+ market cap.

Either way, it seems like SUNCAT will continue to be extremely profitable for holders in the near future.