AirToken (AIR) Could Extend Price and Time of Correction

SUMMARY

Rounded price formation is the most common amongst Altcoins and much of it is rooted in the lack of liquidity or network effect or Metcalfe's Law. It doesn't matter what form of liquidity; if it's a lack, then it will require a very time and price extended correction. The below chart outlines an event where the impulsive waves over accelerated and the resulting correction thus will require a price and time extended correction.

Even subwave placements indicate that the correction will likey require an extension in time. The most probable pathway will require the bottoming formation. When projected with such, would an entry ladder be cast in haste? Patience and discipline have no regrets. Forward discernment is a de-risking strategy.

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?

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