SUMMARY
TenX (PAY) has the second fractal (white) tracing out the first (blue) with a high level of adherence. The blue arrow pathway rose and then dipped before surging. The white arrow should breakout to rise as well.
The MACD is showing the fractal pattern of repeat as well. Since the second fractal is currently in the basin phase, the MACD which seems to be breaking out, should support the rise to place wave 1 of the five wave impulse. Once the 5th wave is complete, a minor correction is expected but from a pattern type, it's yet to be seen.
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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Keep the posts coming!
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Thanx for Information :-)
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Nice info - are we going higher than ATH ?
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Good info, loving the daily update on large cap and small cap cryptos/coins. Keep up the good TA!
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I always notice you post crypto currency news and I found this good. Thanks for these posts keep sharing.
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can you give us update on EOS ?
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Haejin posts about Eos regularly just search google "Haejin EOS".
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Good project.. still waiting for the second card.
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thanks. it is useful.
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Haejin thank you for your work.
I have a question, what is your analysis for what happens to Tenx Pay once Tenx Cards get rolled out?
And I know it's not investment advice just your informed opinion. I have my own opinion I just wanted to see how you see it.
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