SUMMARY
Walton Coin (WTC) placed a full set of impulse waves 1,2,3,4,5 before correcting into an a,b,c correction. Price is expected to rise a bit further and correct. That correction should coincide with the handle portion of the Cup & Handle and the retrace is expected to be 50% or so. It would be key to count the subwaves of this correction to understand the proximity of the bottom.
The Elliott Wave projection is shown to target 0.0055 BTC and wave 3 is targeted for 0.00476 BTC. Note how the wave 2 can coincide with the handle formation and the retrace could be as much as 50%.
Here is the WTC/ETH and a bullish downward pointing flag pattern is identified. A breakout above the upper line of the flag can also be identified and it could spark a rally. The volume too should also dramatically increase the volume.
Elliott Waves can project the Fibonacci based movement of price and the target is 0.0402 ETH.
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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