MONA Coin Analysis: Mona/USD Target $9.01 (64% Profit Potential); Mona/BTC Target 0.00141 BTC (146% Profit Potential)

in bitcoin •  7 years ago 

SUMMARY

MONA Coin (MONA/USD) surged and corrected into a,b,c and not impulsed five waves up. So, another a,b,c correction is needed. Mona can still rise higher towards $6.50 or so. The expected a,b,c could provide the handle formation of a Cup & Handle pattern drawn out. Then impulse should take it to $9.01 or higher.

The MONA/BTC pair is as bullish but as usual, a bit behind the MONA/USD pair. Check out the Cup & Handle pattern! Impulse should take it to 0.00141 BTC or higher! Note that MONA/BTC is not in same time graph as MONA/USD so it's target is much higher. The USD target would be about equivalent.

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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Legal Mumbo Jumbo: 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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7 years ago by

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    • [-]
      ·  7 years ago 

    Appreciated!

    Could you make an update on substratum and chain link and Power ledger?
    I know these coins have been on the market for a short period of time however I think they have great potential short/middle term.

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      2 votes
      [-]
        ·  7 years ago 

      @haejin in all your time as a trader has the elliot cycle ever been wrong?

      curious

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        [-]
          ·  7 years ago 

        Yes

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          1 vote
          [-]
            ·  7 years ago 

          @royrodgers has voted on behalf of @minnowpond.
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            [-]
              ·  7 years ago 

            well post👍👍

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              [-]
                ·  7 years ago (edited)

              Wonder if this also will become a cup and handle. Siacoin.

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                [-]
                  ·  7 years ago 

                Likely

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                  1 vote
                  [-]
                    ·  7 years ago 

                  @haejin, Would you please take a look at DASH/BTC? I can't tell if it's bullish or bearish, and I feel like the chart is telling me that it could be sort of stagnant until the summer, but I'm finding it very difficult to read as an Elliott Wave noob...

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                    [-]
                      ·  7 years ago 

                    Hi @haejin. Can you please post an update on your projections for LTC?

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                      [-]
                        ·  7 years ago 

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                        [-]
                          ·  7 years ago 

                        Great analysis as always, haejin can you do an analysis on TKN. Thanks

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                          [-]
                            ·  7 years ago 

                          Only a few hours and MONA is up 63%. You my friend are a true genius.

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                            [-]
                              ·  7 years ago 

                            What do think of it now at $12 , it's beautiful and I got in after reading this, where do you think it will go ?

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                              [-]
                                ·  7 years ago 

                              I reread and saw it can go higher on the BTC pair, I sold most too early then....I need to read better.

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                              1 vote