SUMMARY
First, HTML Coin is a very thinkly traded coin; that means caution needs to be taken because entry and exits can be hampered by low liquidity! Second, the pattern looks bullish. The Cup & Handle pattern is pretty clear. The left wall is built and the basin phase of the Cup is finishing up. That means the right wall of the rounded price formation as shown by the white arrow is next. I believe higher highs are ahead!
The MACD sure agrees in that it too should breakout soon. The blue impulse waves show that wave 5 should about equate the peak of the left wall. Again, be cautious of the thinly traded status.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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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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