SUMMARY
Gorestlcoin (GRS/USD) put in an impulse of five waves and is correcting in an a,b,c,d,e triangle pattern. Once complete, impulse is to take towards $1.39 or 139% Profit Potential. The 2,3,4,5 waves were place very quickly and as we all know now, the correction took much longer per the "Hurry Up & Wait" syndrome. All time new highs? Hmmm.
Very nice Cup & Handle pattern. The cup actually has a double rounded bottoms! The handle is about done if not already. So, if waves 1 and 2 are complete, what's next? Wave 3 UP! Target is 0.000381 BTC or 5.24x Profit Potential.
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.**