SUMMARY
Note: IDH is a thinly traded ICO and so very prone to a liquidity shortage swings. Large positions in this coin will likely experience low liquidity which means difficulty unloading positions. In such cases, smaller nibbles are likely best.
indaHash (IDH/BTC) is a new ICO and as is often the case, it dives on day one but then curves to a gentle landing support area. The landing essentially completed the abc onset correction and that was followed by what seems to be an initial impulse up as wave 1. IF the wave 2 is nearly complete, then an upswing on wave 3 should start and this also means that wave 4 would coincide with the handle formation. Compared to wave 2s; a wave 4 handle is often more shallow in retracement. So, let's see if price can show us the onset of wave 3 up!
A magnified view shows the early set of impulse blue waves. This is a bit tentative as the degree of trend is at 30 minutes. Ideally the larger time chart would be best but given its infancy, short time frames must be used.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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