SUMMARY
This chart is just beautiful!! Observe the Cup & Handle pattern and now the handle formation is in progress ready to complete. It seems that waves 1 and 2 are coinciding with the handle pattern. Bear in mind that the Cup & Handle pattern is a combination of a round bottom and a bull flag pattern. In this case, the handle is likely an a,b,c,d,e triangle. The Elliott Waves show the pathway to a target of $32.76 and a shorter term target of $27.43. The only concern is that this coin seems a bit thinly traded, so the liquidity might not be available to any whale sized buyers!
Here is a 1 hour, higher resolution chart showing the very apparent triangle pattern in progress for the handle formation.
NOTE: Emptying your wallet into any single trade is highly risky is NEVER recommended by !!
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 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.**