AppCoin (APPC): MACD Breakout Should Equal Wave 3 Move Up

SUMMARY

There are always multiple ways of labeling an Elliott Wave sequence. This is the subjective component of Elliott Wave analysis. It's primarily driven by one's perception and every analyst has a variance in perception.

The below chart shows AppCoin (APPC/BNB) with a very obviously set of patterns in sequence. The first is the symmetrical triangle and the second is a rounded obttom which attained a lower low. One has to recall that consecutive patterning is very common in Altcoins. Why? It allows quite a bit of price extension. The rounded price formation has likely placed the final Z wave of a complex wxyxz sequence.

When combining with MACD and Elliott Waves, the right wall side build out has started with waves 1 and 2 (blue) and soon to be finished by 3,4,5. As soon as MACD breaks out, the near vertical move of blue 3 can be seen.

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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Elliott Wave Counting Tutorial #1
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