SUMMARY
I had recommended NXT when it was $0.08 with a target of $0.24 which was clearly well exceeded! Look, if you're gonna be wrong, it's better to be wrong on the upside! LOL!
The below chart is a larger degree of trend wave perspective (notice how I don't say a longer term). The wave iii contained an extended 5th subwave and this is what's causing such a deep retrace for wave iv. However, this correction too shall end and since the bull run has more to go, the wave v is expected to make orgasmic lunges towards $3.73 or much higher!
The below is that of the NXT/BTC pair which is lagging the NXT/USD pair. This is one of the reason what its price explosion wasn't as big as NXT/USD. Note the double bottom and the Elliott Waves show how these fit into the count. The target is 0.000316 BTC,
Here is NXT/PLC and the Jaws of Wealth Broadening pattern is uncanny! It's currently correcting and likely will be attracted towards the bottom line before lunging upwards to touch once again the top line. The price residence at that point could be $11,793.
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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 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.**