Achain (ACT): Pattern & Waves Show This is Only a Start of the Up Sequence

in achain •  9 months ago


Achain (ACT/BTC) started as a crash down in a corrective mode and has since its genesis in late February, remained in a correction. ACT is yet another example of NOT entering a pre-ICO and just simply waiting for the ICO crash and then pick them up at basement bargain recently.

The ABC corrective wave sequence was placed and price recently also broke out of a symmetrical triangle.

The rounded bottom pattern is uncanny and price has obviously completed the left wall and basin; so the right wall build is well underway.

Elliott Waves show that the the five wave motive should continue generating higher highs; though with minor corrections on the way.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This was NOT this coin's ICO! It has been listed at kucoin since mid/late December! There is at least another month of price data to consider. Thanks!

Without the upvote from @ranchorelaxo (which Haejin owns) this post has thus far earned $4.97 which if it stays like that, would be a much more realistic valuation.

Thank you as usual for providing such useful information.

im newbie here but more intrest.
sorry for unawareness comment.

Great details about achain! In my own opinion The details shows it will be successful. Your ICO posts are always so well explained