Akash for the long term - Biggest buying opportunity

22 ก.พ. 2022

The 1, 2 (macro wave) structure, according to Elliott Wave, is almost complete. After Akash made over 2400% with a significant impulse wave right after the launch, we finally see an ABC (macro wave - zig-zag) correction coming to an end. Indeed it was choppy for those who bought the top, but that's why you have to understand structures. There is a falling wedge in the making, and we are still holding one of the critical supports around $0.95, which another dip could happen but starting DCAing here gives a good risk/reward.

We are now finally seeing one of the best assets of our lifetime in the Decentralized Cloud Computing Industry at a discounted price. Akash at a 2.6B valuation will be over USD 20.00, and due to fundamentals, it is likely to occur since they are powering blockchains ecosystems such as Polygon, Cosmos, Solana, and more.

Disclaimer: THIS IS NOT FINANCIAL ADVICE. We are long on Akash Network and this chart is only for educational purposes.This helps to understand how Elliot Wave Principle works. This doesn't mean price action will follow exactly precise, but it will give you an idea of the direction of any asset. To learn more about Akash visit: akash.network