SIMPLE Token (OST) At Ground Level Cup & Handle Opportunity!!
Simple Token (OST) is at the early stage of finishing up the final touches of a launch sequence. The below chart displays what could be a phenomenal opportunity given the Cup and Handle pattern. The Elliott waves show that wave 2 is coincident with the handle formation and this is ideal because it allows price to consolidate prior to experiencing the violent price increases of wave 3 of 3!! The price target is 12,071 Satoshi.
Here is the OST/ETH pair and I almost can't see any difference to the OST/BTC pair. The Cup & Handle is a bit more advanced with the handle already formed and price having broken out. Even compared to the OST/ETH pair, the OST/BTC pair lags! The /BTC pair has always been lagging the /USD pair. Once wave 2 completes, we can expect 0.00160 ETH to be targeted and likely exceeded!!
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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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.**