ArtByte (ABY) Targets: 281 Satoshi; 641 Satoshi; 754 Satoshi per Elliott Waves
SUMMARY
Bear in mind that a Cup & Handle pattern is a combination of two patterns. The rounded bottom and the bull flag. These combined provide a lasting goose effect on prices as a rally can be sustained for quite a while. With requisite minor corrections, of course. These corrections often are part of a two steps forward and one step back progression. So, in these cases, a correction is necessary and healthy.
The below chart of ArtByte (ABY/BTC) is actually showing a double rounded bottom within a larger Cup pattern. This is actually quite frequent for Altcoins and rather adds to the bullish projection. The handle formation represents initial thrust of bulls followed by profit taking; however, this is leading to a bullish downward pointing symmetrical triangle. The key is always in the decisive nature of breakout and that's what happened and set the wave 1 of an impulse that could take ABY to 641 Satoshi and 754 Satoshi...or HIGHER!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: 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.**
Could you please do an update on 0X? 🚀🚀🚀
Therefore, for every fall, there's a higher leap. With over 3.016x Profit Potential!!!
This is making me enjoy the corrections. I hope SBD do this too.it is on cryptopia .
Of course, ArtByte (ABY) was added to cryptopia exchange last year August
I hope this gives me massive Profits !
Do you know the way?
Please follow him on Stocktwits!!!! https://stocktwits.com/HaejinCrypto
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https://steemit.com/cryptocurrency/@racoo/mr-zuckerberg-is-learning-how-cryptocurrency-works-racoo
lol wat
Another great example of profit waiting for investors! Be sure to follow me as well for detailed crypto profit examples.
good post, please upvote my post ya
Thanks Haejin!