KABOOOOM!! WAX Delivers 377% Since @haejin's Analysis...What's Next?

SUMMARY

On March 16th, WAX/USD was analyzed, despite being a new coin with little price data. The ABC correction seemed quite uncanny as the subwaves confirmed the higher degree of corrective count. I had also positioned the C wave to be at $0.10 target. As the second chart shows, this bottom target was near precision hit and since then price surged to $0.477 delivering 377% in profit!! Not too shabby!

The rounded price formation is drawn with the white arrow. The impulse waves have been labeled and the Cup & Handle pattern looks to be complete or about to. That means that once wave 4 or the handle formation is complete, higher highs are expected. Wave 5 target could be around $0.60 or so.

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?

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