SUMMARY
Rounded price formations have three parts: the left wall, basin and right wall. Combined, they consume quite a bit of time to pattern out. However, an effective consolidation mechanism. It's also bullish; once complete. The below chart of Funfair (FUN) is putting in its second consecutive rounded price formation. This could also be called a double bottom. The ABC seems compelte and the blue arrow is showing a symmetrical price pathway into July.
The basin phase is outlined by the white rectangle and the right wall will be built by a vigorous impulse of five waves up.
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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Thanx for Information !
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Thank too
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The altcoins and other cryptocurrency has started showing some improvement
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Funfair's next ascent will be very fun for me!
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Thanks Haejin! Can you do one on REQ or ICX?
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@haejin please write an update on STORM. looks like decent volume coming in but price ain't moving much. I think it is up for some serious firework but your TA would be much helpful.
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thanx ... i already bought some
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Thanks for the great TA haejin..have a great night....
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🔵🔴🔵🔴🔵🔴🔵🔴🔵
🔴 HAEJIN IS A SCAMMER 🔴
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@haejin Please do a XVG update for us :)
I think many would be grateful for this atm.
Looks like a cup & handle and forming handle now???
Thanks again
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have a nice day!
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Doesn't this have a lot of competition?
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it has no competition
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Some other improvements have started showing,
Hajin, write an update on the storm looks like good volume coming but the price is not too high. I think it's ready for some serious fire।
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🔵🔴🔵🔴🔵🔴🔵🔴🔵
🔴 HAEJIN IS A SCAMMER 🔴
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Coins mentioned in post:
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@haejin This prediction is totally dependent on the overall crypto market increasing and even so, there is no guarantee. I'm sorry to say, but this is more wishful thinking and has no significant probability-based edge to back this up.
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🔴 HAEJIN IS A SCAMMER 🔴
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Thank You! ⚜
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