SUMMARY
With regards to patterns, QTUM is qute mature in having already placed a sizable symmetrical triangle that exploded into a five wave vertical ascent. What took less than 10 days of vertical upmove; the correction has taken 5 months to retrace 88%. That's a Hurry Up & Wait by the book! The small Cup & Handle is likel as well.
The larger cup formation encompasses the whole correction. Given the contours of the price bars that connect the bottoms; it's likely for the right wall of the blue cup formation to be initiated.
The MACD is ready to rise or more likely surge upwards. However, if the handle formation is to be made first, a bit more sidways action is probable. The blue Elliott Waves project the potential price pathway to building the right side of the larger Cup.
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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i want shorter handle... and higher up!!
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@haejin do an analysis of Zclassic (ZCL), please!
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Haejin is whale enough to counter GrumpyCat himself.
Resistance comment deleted.
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The-Resistance is neither supporting Haejin nor countering him.
We are determined to protect minnows from bullying of GrumpyCat.
Our comment was put by our bot and now edited manually.
@the-resistance.
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Hi everyone, feel free to follow me for more detailed technical analysis. I will start posting up to a couple times a day and will post a QTUM analysis later today. Let me know if there are any particular coins you are interested in! Here is an example: https://steemit.com/crypto/@heyitskolin/neo-btc-analysis-will-neo-take-the-red-pill-or-the-blue-pill
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QTUM is a crypto with future.. Lets wait and watch.. Hope for the best!!!!!!!
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