SUMMARY
Aeternity (AE/USD) could have faked out just about any Technical Analyst with the first Cup & Handle pattern failing. A larger perspective shows a double Cup & Handle potential that could carry price to $4.10 or 6x profit potential. Don't forget about the hurry up and wait syndrome of cryptos. Almost always, the impulse waves will be "Hurried" while the corrective waves will take a very long time to complete. Look how short the first impulse on the left was and how long the correction is taking.
I'm getting convinced that when the simlarity of the /BTC and /USD pairs are very high, then one can be very confident on the direction of price. This is again, another instance of the confluence of EW and Chart Patterns.
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.**