A very simple Elliot Wave chart for $MFT (Hi Fi Finance)

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Formerly known as Mainframe, and the ERC-20 token formerly priced at sub 1cents, the developers have since pivoted towards DeFi and price action have made tremendous gains as the fixed-rate lending protocol nears launch.

Originally I've held a small bag, which has since grown to be a decent bag.

I explore this chart to estimate how far price action can go, based on historical movements, and the potential is not too bad -- and while this isn't financial advice, it gives me great peace of mind to at least have an idea of an exit strategy, if needed.

Cheers, and any feedbacks and comments appreciated.

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