METAL Could be at Terminal End of Correction

in #metal7 years ago

SUMMARY

METAL is showing a Flat (3,3,5) ABC correction. The C wave shows the subwaves 1,2,3,4,5 and could likely represent a correction bottom. As it is customary for Altcoins, price has been going sideways now since December. This drawn out time consumption is quite common when liquidity is very low.

The impulse waves (white) retraced about 50% of the correction. The subsequent correction is tracing out an abcde triangle pattern, which is one of the most frequent way to terminally end a correction. This whole setup can be labeled using wxyxz or other ways; however, the triangle pattern form and fits best. Wave d is soon to complete and e remains. Once the full abcde is placed, the white impulse waves would mark the trend change from down to up. This impulse would allow the breach of the upper white line of the triangle.

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.

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Interesting

Like this coin is the last one to the party lol

nice....thanks alot

Is this a new coin? Well if yes, then I doubt if people know about it. However, you have given out a good information and as you've said in your disclaimer that the post is just for informational purpose, then I think others needs to do there own research before venturing into it.

Nice post. Very informative and interesting. Thanks for sharing @haejin
Great job

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thanks ~~

Information I have really and amazingly said, my God

money money bank.gold gold my friends......this is so nice post

굿뉴스네요

Thanks @haejin, can you take a look at NXS real quick, it has one of the most beautiful patterns in crypto today IMO....

Hshare (BINANCE) Update

cool tohis month they lancha coinbase-like app. very awesome metal

Analysisare really clear and obvious , very helpful and the work is beautiful and very professioanl, im glad for that sucess , could you tell me the secret of all thoese upvots thats really impressive , im having a hard start i need some encouragment and i belive in this beautiful community

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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 215.74 SBD, based on the pending payout at the time the data was extracted.

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Metal is undervalued. Good coin and good Hodl.

upvote on these post..congrats man..keep it up!

I post good quality memes, to entertain The Whole Community, check my timeline!!!

I post good quality memes, to entertain The Whole Community, check my timeline!!!

great job, thank you this makes to buy more Metal lol

Great information. I have been sitting on a bunch of #MTL for a while which I was lucky to grab at a low price. It certainly has had a few ups and downs, but I continue to smile when I see that it very often returns to being in the GREEN! #crypto

Dear @haejin

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