ADZCoin (ADZ): Thinly Traded with Potential

SUMMARY

ADZCoin is very thinly traded and so will not have much liquidity. Trade at your own risk. This coin could signal the bottom completion if price can breach the upper whie line of the flag. It's right underneath it, currenly. The prior impulse (white 1,2,3,4,5) shows that a large wick was wave 5 and this usually means a flameout type of buying activity that initiated the correction by running out of buyers.

Closeup shows that an abcde is as likely. IF price fails to breach the upper white trend line, then the E wave is most likely direction. However, much depends on Bitcoin's strength and it could support ADZ's upward price movement.

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 shoud 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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