SONM (SNM) Cup & Handle Pattern is Gaining Clarity
SUMMARY
SONM (SNM/BTC) is shaping out a Cup & Handle consolidation pattern which had started back in October of 2017, so yes, the pattern is quite lethargic in progress. However, the pattern seems near complete. The cup has been formed and the handle is in progress. The whole SNM chart starts with an ABC (red) correction as shown in below chart. The wxyxz triple combo labeling fits well into the scenario of an elongated handle formation.
The blue impulse waves often compose the right wall of the cup pattern. The subwaves of wave Z is always an abc (red) and likely a zigzag (5,3,5). The volume also bowls in confirmation for the rounded bottom of price.
Closeup shows the WXYXZ but the subwaves of the red C of the subwave ABC of Z. The blue impulse waves represent the subwaves of wave C in five. So, 5 of C of Z is nearly complete and IF correct; a trend reversal point could be close at hand.
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.
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Have you done an analyze of NEXUS?
It should be getting a lot of attention soon
I'll be happy to...please wait a bit as it'll go into the que. Thanks!
Nice!
Over a year ago when I learned that Nexus' founder's father was one of the founders of SpaceX was when I knew Nexus will be something special one day
@haejin, can you predict how your day is going to go tomorrow? I'm thinking not so good, but you should run some analysis on it...
You seem to try to be a very funny person there. I don't think @Hajin hvae timer for your silly comments.
I do not have this coin. Do you have any links where I cxan study this coin. I do not want to buy a coin whtout looking & reading some info about it. Thank you haejin for your hard work.
Hi Haejin i wouldn't worry about explaining yourself you are doing what we all wish we could do we are living in a free world and you can do what you want that's your business and i pat you on your back for such a great effort and following and reward pool if it aint you it would be someone else these people that bring you down have no life and nothing better to do they are just jealous of your earnings .These people will never change there ways and will be always jealous of anyone doing good. Stay strong and dont waste your time reading any negative posts cheers Deni Guerrera
thanks for the info.
I sure hope this does shift. This coin has been taking the worst beating in my portfolio, even though it is my favorite project.
Often being contrarian is best. Buy the beaten ones.
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Excellent information! Thankx
thanks for sharing.
@wpbeginner | Crypto-pro
very pertinant, I subscribe +1
This is a good one and I think it will help traders, I should read up a bit more and possibly give a trial...
Thanks for sharing @haejin
Kudos, The world is yours