SUMMARY
ZEN Cash is coiling...coiling into an a,b,c,d e triangle cotinuation pattern. The chart below is a 4 hr chart and the triangle is outlined by white lines. The waves a,b,c,d are complete and e is about to complete and this should sling shot ZEN upwards towards $37 in a new impulse set of waves.
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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.**
Coiling? I haven't heard you talk about this phenomenon in the videos I have watched so far. What exactly does this entail? Thanks for the review.
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It's a metaphore for the triangle correction, which usually acts as a continuation correction. Similar to a flag, but since support and resistence converge, reminds of a coil as prices compress.
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very cool post and vlog, i like it
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Thank you @haejin :)
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good post
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wonderful post and narrative. Thank you for sharing!
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Thanks for the updates
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haejin thank you for your work! upvoted and reestemed... could you take a look @ ETP, CVC and TenX?
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Very informative. Thanks!
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Your feedback would mean a lot:
https://steemit.com/bqx/@ennnzai/bitquence-bqx-projection-short-term-target-4-244
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it broke under the triangle and now trading sideways - price target still valid?
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I'll try and get to it tomorrow.
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@haejin thanks for your excellent analysis as always. I'm currently trying to use what you have taught us on ETP/USD (bitfinex). I see the initial 5 waves that mooned this coin, then an ABC correction which I think ended yesterday with a double bottom confirmation. But I'm not sure about the next set of 5 waves because there doesnt seem to be an impulse. I think I may have got it all wrong and would appreciate your input https://www.coinigy.com/s/i/59ef9598b502b/
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