SUMMARY
NOTE: Racist cartoons and insults are now being put up on the blog comments as attempts to further debunk and discourage my posts. Such actions should not be tolerated and strongly sanctioned by the Steemit community. How low will these haters stoop?
CoinDash (CDT) is at a pre-breakout stage as its readying for the correction to complete. The Cup & Handle pattern could have a bit more symmetry but the pattern is quite uncanny, regardless. The handle formation is coinciding with wave 2 and the retracement is expected to be 78% per Fibonacci. The square root of 0.78 is 0.866; so that makes 86.6% the next Fib level should the 0.78 not hold.
The close up of the handle formation provides more details on the subwaves of the current handle correction. The waves 1 and 2 are complete and 3 is almost. That leaves 4 and 5 to complete.
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.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
