Aeternity (AE) Could Seek a Lower Low

SUMMARY

Aeternity (AE) impulsed in five waves to an all time high and then the requisite correction was triggered. As is a favorite pattern amongst Altcoins, the downward wedge is currently in progress and it's likely not yet complete. However, I've mentioned the uniformity of sentiment and so if Cryptosphere decides to trend reverse, AE won't be an exception.

While the Elliott Waves show a lower low is likely, the MACD doesn't necessarily agree. There might be no more time or room in the symmetrical triangle pattern. Would you be disappointed if the breakout occurred without a lower low?

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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?

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