Electroneum (ETN) IS NEAR READY...ALL DONE WITH Consolidation
Electroneum (ETN) has likely completed the a,b,c,d,e triangle and hence has consolidated. The sellers are almost nowhere to be found and often that means that buyers will suddenly come in and take control. Price should surge up and out of the a,b,c,d,e triangle pattern. Price then could go near vertical for wave 3 and later tag $0.168.
Here is the ETN/BTC pair. What do you know? Another a,b,c,d,e triangle! You might be wondering as to what's causing such commonality of pattern across so many altcoins. The primary reason has to do with what's called "All the Same Market". This means that sentiment is quite uniform. This means the patterns will reflect this and phenotypically display high similarity index. Here too, the a,b,c,d,e waves are nearly complete and price could explode out of the triangle pattern. However, expect the ETN/BTC pair to lag the ETN/USD pair. Target is 1,602 Satoshi.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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