0x Big Picture Looks Very Bullish!!
0x is not going away anytime soon!This coin has quite a future! From the onset, it was in a corrective mode as shown by the a,b,c red waves. This means that the red C wave requires five subwaves which are shown by the 1,2,3,4,5 blues. Of those, waves 1 and 2 are complete and 3 is about to complete. That would leave waves 4 and 5 to start. Wave 5 could bottom at around $0.03 or so.
This is what I'm discerning with respect to NOT longer time frame but rather larger degrees of trend. It's what I call the Forest view. Once the correction is complete, because this one too shall pass, although for many like a painful kidney stone; the resulting turn can be a sight to behodl (punt intended). Target is $8.49
Legal Disclaimer: 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
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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