SUMMARY
I've written consistently about the personality traits of Cryptos and how each has its own "preferences" with regards to patterns and sequence. Ardor (ARDR/BTC) is displaying it's preferential attribute in that it prefers the rounded bottom formation and generates it in triplicate. The chart below shows how the rounded patterns are being generated within a broadening pattern. Note how each touched the bottom and the top blue trendlines. The third one, however, is still in development (purple line). The basin phase is still in progress.
When adding Elliott Waves, the impulse waves that build the right walls of the first two rounded formations. I've added the impulse waves for the third (purple) pattern. The expectation is for price to rise towards the upper blue trendline and touch or exceed it. The impulse rise can become a bit more left translated but give the symmetry guideline, the current projections seems acceptable.
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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The strongest one in society
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purple line moon to ward
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Where is this trading bro @haejin
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thank you for your work and research i am going to resteem your post hopefully more people get to see this signal.
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Thank you very much for sharing your knowledge. Every day I am more passionate about this world of the crypto and every day I see how much interesting is hidden in all this. Thank you very much, I will be following your articles.
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Love trading? Full into cryptoworld?
So, you should start use TradeCheck - best software for traders ever!
Description, support and download mirror there: https://cryptofications.com/
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@kumajin you're on the @abusereports naughty list!
If you do not stop, your account will be rendered invisible on Steemit. Bad Steemian! Bad!
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