SUMMARY
FunFair (FUN/BTC) started carving out the Cup & Handle pattern back in October of last year. The Cup formation itself took nearly four months and the handle is not going into a third month. This pattern often takes this long and because of it, is the most common type for Altcoins. This is also the pattern that enables a sustainable rally. From the perspective of pattern and Elliott Waves, it seems complete.
Subwaves show that the abcde waves of the handle formation are almost fully placed. The final wave E's c wave counts as a potential ending diagonal; hence the 1,2,3,4,5 count. There is one more wave to go; thought it could already be considered complete. What comes next? A breakout.
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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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Tutorial on the use of Fibonacci & Elliott Waves
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Interesting post. Thanks for the update.
you will chart tomorrow for the upcoming
Thanks,
Great way to exchange. Very useful post . Thanks @htooms
the graph is looking like a Flame :P
thanks for the info
Sorry I cant vote right now :/
I am sincerely sorry I don't have @ranchorelaxo's voting power to back me up myself 😂
good dear haha
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