SUMMARY
Achain (ACT/BTC) started as a crash down in a corrective mode and has since its genesis in late February, remained in a correction. ACT is yet another example of NOT entering a pre-ICO and just simply waiting for the ICO crash and then pick them up at basement bargain prices...like recently.
The ABC corrective wave sequence was placed and price recently also broke out of a symmetrical triangle.
The rounded bottom pattern is uncanny and price has obviously completed the left wall and basin; so the right wall build is well underway.
Elliott Waves show that the the five wave motive should continue generating higher highs; though with minor corrections on the way.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
This was NOT this coin's ICO! It has been listed at kucoin since mid/late December! There is at least another month of price data to consider. Thanks!
Without the upvote from @ranchorelaxo (which Haejin owns) this post has thus far earned $4.97 which if it stays like that, would be a much more realistic valuation.
Great details about achain! In my own opinion The details shows it will be successful. Your ICO posts are always so well explained
bitcoain,
im newbie here but more intrest.
sorry for unawareness comment.
Thank you as usual for providing such useful information.
Honorary stewards of Gondor and members of the congregation,
As all of you may know, we have a cave-troll in our midst.
Every hallway in our kingdom reeks of its feces.
Joyfully it defecates at least 10 times a day.
Into our very nostrils its stench reaches.
Nourishing itself with its own excrement.
I stand my ground firm beside you.
Shouting to the heavens that God delivers us.
A growing and troubling threat we have by the hour.
Now is when we must fight.
Are you ready for battle?
Should I blow the trumpet?
Shelter yourself O ye troll for thy flags cometh like a thief in the night.
Hold on to these words for they shall surely come to pass.
Overdue is your reward.
Low quality are your words.
Embrace your demise.
Congratulations,
you just got busted with a -100.00% downvote from @punkbuster!
Wanna downvote something yourself?
Just send at least 0.100 SDB or STEEM to
punkbusterwith the post url as memo.This service was brought to you by SteemHQ.com