SUMMARY
Here is first blood with a very clear and distinct message: Once the handle formation is complete, it will be KABOOOM Time!! The Cup & Handle is quite well known within the cryptosphere as the favorite pattern for enabling a longer and sustainable rally. The target remains solid at $10.05 which represents a 488% profit potential.
One more lower low can be expected as shown by the closer up of the handle pattern and the MACD. This is when a buy ladder would be cast!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: 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.