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 prices...like 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.
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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?