SUMMARY
AION, PBC's latest darling, has put in the necessary waves to count the complex wxyxz (blue) correction and green shoots of a rising price can already be seen. Each of the complex wave's three wave abc subwaves can be identified by the red abc markings. IF this count is correct, then there is a good potential that a bounce or a trend reversal could be soon.
The MACD is channeling between two parallel lines (blue). Price should rise towards the upper white trend line while the MACD rises towards its blue trend line. Since price is too far away from the apex, the rise and then the projected declien in both MACD and price is displayed as the white and blue arrow lines. Once a breakout occurs, an impulse set of five wave motive is expected. Timing is quite similar to the other Altcoin breakouts....late April or so.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
