SUMMARY
STEEM Dollar (SBD) looks to be ready to launch into a renewed Elliott Wave impulse as shown in below chart. IF the a,b,c,d,e, triangle is complete, then price is ready to explode UP! I've drawn a vertical blue line equal to the height of the triangle to use as minimum price move estimate. I've drawn the Elliott Waves which shows $21.95 as target!
The SBD/BTC pair is displaying a very bullish! Check out the Cup & Handle! The handle formation is nearly complete!! This is very exciting because this means its at the cusp of a massive breakout up!
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.**