SUMMARY
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Here is Cardano (ADA/USD) which had raced up the initial impulse (white) in a near vertical trajectory. The correction since then is labeled as a WXYXZ (red) sequence. This is a pattern combination of a downward wedge and a rounded price formation. Both are bullish in pattern. How does the Elliott Waves fit in?
Since the red Z wave bottom, ADA impulsed five waves up (white) and meanwhile patterned out the rounded bottom (blue). Since five waves are complete, there is a requisite correction and the smaller degree of trend wxyxz is like in progress. This sequence is also the handle formation and so we now have a Cup & Handle pattern. Patience and discipline attract profits and not greed or fear. The MACD is also nearing its completion as the apex is becoming more and more proximal to support the blue arrow scenario.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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time to buy
Its crashing!
What abuse?
I don't understand what's going on in the current market. There is a fair amount of positive news coming out and projects are evolving to production applications. There seems to be this big lull just waiting for the institutional money to come in.
Whales are operating...
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At least steem is somehow stable as I looked on google trends.It mirror bitcoin high but not lost populatiry so fast,somehow stable.
Looks good in 2018.
My view is that the MT Gox trustee is being forced to liquidate more of the BTC they have....it's a massive amount...plus all coins are making the slow sideways bottoms that lasts for months
Excellent post!
It is a currency that still owes us, but I am sure it will not be long in exploding. Thanks for the post.
So many good projects in the horizon
and shit coins.Some shit coins for short term? or even good you have on mind?
I'm new to the crypto trading, but I've looked into Cardano and it may be a good profit. What's your thoughts on Dignity... Ticker DIG? I took out a position on it.
interesting post.
very sensitive to the ADA, I've never had any luck here, probably because of less science like you. Thanks @haejin
is it a kind of cup and handle...?
EOS looks good in comparision in this week. peace.But low volume is low.as we know.
Hope you were right. But still a long way to go to build up project on Cardano.
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This is a fantastic opportunity to buy. It's amazing that a few weeks ago I thought I thought this week we'd probably have BTC and Alts skyrocketing. Boy was I wrong, and were thousands of other crypto enthusiasts. I wonder what is happening with the markets. At the time of writing this comment, it's a blood bath out there.
Cardano is now at a critical point, with a project like this with this prices buying low and accumulate will pay off sooner than later.
Damn tired of waiting, maybe there wont be another boom for a few years
Upvoted, but to be honest this post is a bit too generic. Could you update ADA with EW counts?
Thanks in advance @haejin