At less than $0.33 per coin and 1M total supply, Trust Coin has tons of potential to moon. Was listed on 4/18/17, so there is not a lot of history to determine whether we will truly be entering a wave 3 or if it will keep going lower. So trade cautiously, and watch stop losses for lower lows. However, it has more than a few good things going for it from a charting perspective.
It looks like it has just completed the final drop of its correction, confirmed by Elliott Wave counting, creating a nice bull flag that is still above the previous low, so could be ready for a wave 3. If so, wave 3 can give you at least a 5x profit potential, and this timing with the market turning around, could be much greater.
I removed the pitchfork, but it has crossed the purple center line and seems to be well supported. Lets's watch for the breakout!
Healthy trading and profitable investments,
The Freedom to Be
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If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB
It still can break the top of your wave 4 (red) and reverse downwards to test historic low. In such a case this would form a flat correction :)
However, good job!
Flat in the next correction, I presume? Turning this into WXY. (Current B and drop of C doesn't support flat, unless I look at this from the weekly view and next impulse doesn't exceed A ). Certainly a possibility, and we've seen those aplenty as of late. WXY, WXYXZ everywhere I look. Given the relatively short nature of this correction, that also increases the chances. Appreciate your comment! Will have to watch the support lines as we move up.
Upvoted ☝ Have a great day!
Thank you, have a wonderful day!
Coins mentioned in post:
This didn't end well did it?
Maybe time to look at more than graphs?