On the $INFX / BTC daily chart we see $INFX already completed a full cycle with its full five waves and a huge huge ABC correction that took a very long time to complete, scaring all kinds of investors. As we can see, finally we have broken out of the downtrend and now we are heading to make higher highs. This is classic on crypto, the way up is usually very fast and explosive, usually last weeks on small cap coins, and as seen on the chart the way down is very slow and takes a long time to complete,in this case took months. $INFX looks like it completed its first full cycle of 5 explosive ways up and a very impressive correction, and looks ready to start a new cycle. From my analysis it looks like we are currently on subwave three of wave three or lets just say in the middle of wave three with a targets of 0.0003 satoshi and a second target of 0.00045 satoshi.
AND REMEBER THE RULE wave three on Elliot wave analysis can never be the shortes, and cryptos love and seem to always have extended 5th waves. so the target could easily be exceeded and achieved very fast
On the $INFX / USD chart we see that we consolidated around the 0.25 cents to 1.25 for over a year. finally we have broken out of that trend and have started the parabolic move upwards. Once we broke out we consolidated around $1.26 to $1.70 for abot 10 days, followed by a confirmation that we are on a parabolic trend breaking out to $4 then followed by a low of about $2.26 on bittrex. This type of move to me suggests that now we may consolidate here for a small period of time, perhaps a few days before breaking out again to a target of $4.93on the very short term according to fibonacci extention tools using the information of the last few days on the charts. This is a potential 89% profit. According to my analysis at current price it is a great entry given we are on wave 4 of 5 waves, or in other words we are on a correction of a parabolic trend ready to make one more impulsive move up very soon
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