CoinDash (CDT) Analysis: A Pre-Breakout Setup in Progress!
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CoinDash (CDT) is at a pre-breakout stage as its readying for the correction to complete. The Cup & Handle pattern could have a bit more symmetry but the pattern is quite uncanny, regardless. The handle formation is coinciding with wave 2 and the retracement is expected to be 78% per Fibonacci. The square root of 0.78 is 0.866; so that makes 86.6% the next Fib level should the 0.78 not hold.
The close up of the handle formation provides more details on the subwaves of the current handle correction. The waves 1 and 2 are complete and 3 is almost. That leaves 4 and 5 to complete.
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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
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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