Hshare (HSR): Synchronized Breakout!

in hshare •  7 years ago 

SUMMARY

Hshare (HSR/BTC) completed the ABC corrective wave sequence. It was a flat correction where waves A and B have 3 subwave and C has five (ABC). The below chart shows that C makde a lower low in a spike down and that likely divested of all the weak hands.

Pattern shows a symmetrical triangle in both price and MACD indicator. They both broke out at the same time (circles). Where to from here? Would you be a buyer or a seller? I believe the confluence of pattern, waves and indicators lean towards a bullish trend reversal.

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!

i agree bro

Cool gif, where did you get it from? (Bitcoin)

Nice update :)

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
EOSEOS8.076$-8.65%36.71%
HSRHshare6.638$-1.05%26.87%
WAVESWaves4.754$8.65%32.9%