Elliott Wave Forecast Team
ElliottWave-Forecast.com
Bellscoin BELLS was created by BillyM2k, the creator of Doge Coin and the idea was motivated by animal crossing, the most popular Nintendo game. Bellscoin is the original meme coin born in 2013 before Doge emerged, but it was revived after 20 years in 2023. In today’s blog, we’ll dive into the daily Elliott Wave structure taking place and show the potential outcome for the coin.
Since February 2023, BELLS established a 5 swings move to the upside within an impulsive overlapping structure. The advance is considered as a bullish event within Elliott Wave Theory. The more aggressive approach suggest that Bells was building a nest structure and it’s now looking for breakout to accrue within the strongest segment of the cycle in wave 3. Consequently, the coin is expected to stays above 11/6/2024 low ( $1.03 ) and sees a break above 10/29/2024 peak ($1.85 ), then the initial target to the upside will come at equal legs area $2.44 – $3.31. It will be looking for further extension to the upside as the nest unfold within series of 4th & 5th waves later on.
BELLS daily chart 11.12.2024
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