[ STEEM ] Analysis 💵: Breakout soon?

in #steem7 years ago

STEEM Analysis

8GdfctUK.png
STEEM has been in a correction for over 70 days, this sounds very ugly and scary but the pattern that has formed in this
correction is rather beautiful. I am talking about the falling wedge pattern. After the 5 wave sequence that played out a ABC correction is needed.
Most of the time these ABC corrections are complex and will form some sort of pattern, most of the time these patterns will break out on the E wave in the sequence.
We are very close to that level. We can confirm this action by counting the subwaves in every wave, the waves ABCDE needs to contain 3 waves each. It is possible to count these subwaves so a legitimate breakout can happen soon.


Example:
Naamloos.png

upvote.gif

Sort:  

Congratulations @altus! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard Ranking update - Resteem and Resteemed added

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @altus! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemFest⁴ commemorative badge refactored
Vote for @Steemitboard as a witness to get one more award and increased upvotes!