SUMMARY
Change is the only constant in a trader's life! Actually, that's a Universal constant! To that end, overnight prices did what looks like a bullish wick and price as already come back into the triangle. From current levels to the top of the upper triangle line is only $68 away and should be easily breached.
The MACD below shows what a cynic could accuse as being a bad and wrong call! Well, if that cynic had a positive mental attitude and fortitude to learn something, his cynicism would be washed away. Remember, Technical Analysis constantly adjusts for the changes and slightly adjusts or realigns the probable price pathway.
I've updated the MACD labels and the destination remains original. I've consistently said that multiple pathways lead to the same destination and here is a prime example!
Bitcoin Cash (BCH) continued chugging upwards overnight and is now correcting in a healthy fashion. The video as all the details but I've raised the target to $2,296.
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
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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.**