AURORA Coin (AUR): Target $1.81 (178% Profit Potential)...Check out this Analysis!!

SUMMARY

Aurora (AUR/USD) chart pattern belongs to the Cup & Handle species. The evolution of Altcoins, while high in similarity index, is leading to certain unique features. For example, AUR has a double bottom and together, they form the Cup. This type is a bit unusual, but we have shown them in prior analysis of other altcoins. So, as the speciation continues, there will be an extinction event, one that will cull the field so that only the fittest will survive. Until that event arrives (to justify the forecast); Aurora is expected to rise towards $1.81 or 178% profit potential from current price. I believe AUR can rise much higher than that...let's see.

Here is AUR/BTC pair which clearly belongs to the Symmetrical Triangle species. Look how close the price is to the apex (point at which the triangle lines intersect). Resulting Elliott Waves price project 0.001122 BTC as target.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: 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.**