SuperNET has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe SuperNET has completed waves one (sub-waves i-v) and two (sub-waves abc) from the December 2015 low in the weekly chart. The wave one (sub-waves i-v) advance ended on September 1, 2016, and the wave two (sub-waves abc) correction finished on December 28, 2016. If this wave count is correct, SuperNET should be heading next towards the September 1, 2016 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long SuperNET.
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If you think this analysis is wrong, upvote this post and upvote the comment "SuperNET will drop below the December 28, 2016 low".
If you think SuperNET is in a range, upvote this post and upvote the comment "SuperNET will stay in a trading range between the December 28, 2016 low and the November 19, 2016 peak until January 30".
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SuperNET will takeout the November 19, 2016 peak.
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SuperNET will drop below the December 28, 2016 low (7 voters as of 3 AM EST January 3: bleujay, gregory-f, yefet, landofcrypto, simonjay, fjccoin, me-tarzan).
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You won.
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SuperNET will stay in a trading range between the December 28, 2016 low and the November 19, 2016 peak until January 30.
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