SUMMARY
Which chart below is that of Token Card (TKN) price? This bullish downard pointing symmetrical triangle is one of the three very common species of patterns that can be found in just about every altcoin. And it's bullish because the triangle is downward pointing from a chart pattern perspective. From an Elliott Wave perspective, the triangle encompasses the a,b,c red waves of correction. So the combination of Elliott Waves and Chart Patterns is a powerful algorithm that identifies probable price pathways.
The chart below is that of Token Card. The circled white waves show a completed impulse of five waves followed by the requisite a,b,c reactionary waves. The circled blue waves provide a probable price pathway that could top $3.04 to generate a 135% profit potential. Don't think that will be the end or the final top; it represents just the beginning!
The TKN/BTC can be seen with a very similar pattern as shown below. Price has completed a larger A,B,C (red) correction and the subwaves of the C wave is shown. The blue impulse is expected to carry price to 0.0009 BTC to generously provide a near 800% profit potential from curren levels.
Token Card aims to be the culminating point of multiple coins linked to a cash card for ATM and merchant acceptances.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: 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.**