RChain (RHOC): Bullish!

in #rchain6 years ago

SUMMARY

RChain (RHOC/BTC) finished the left wall of a rounded price formation and breached out of the basin phas (blue rectangle). The right side of the wall is currently being built as shown by the white impulse waves. The handle is likey to coincide with the wave 4 so the corrective retracement probably won't be deep as it can't overlap with the top of wave 1. Wave 1 should provide a much higher high.

Combining the pattern and Elliott Waves with the MACD indicator, once can see that a breakout has occurred. The likely continuation of this is quite high and the purple arrow provides the potential, price supporting, pathway.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thank you Haejin. Have you had a chance to look at Lamden (TAU)? A large cup and handle appears to be forming, it would be great to have your opinion on this. Thanks again

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Good Analysis. As a forex trader, I am following you. I also resteemed your post. Thank you for sharing this analysis. Truly it will help me and others. Thanks again.

KABOOOOM!!! GOODBYE HAEJIN!!
How to Spot a Communist AKA @Haejin


Haejin Has Never Shown His Face & Never Gave His Real Name!!!
Why is he hiding this info from you?
Isn't he supposed to be some great crypto god?
Where is more info about him? There isn't any.
And this guy is supposed to be a professional on crypto advice?

Steemit: Fake Info
Twitter: Fake Info
YouTube: Fake Info
Bitcoin.Live: Fake Info
His Website: Fake Info

He is 100% FAKE & SCAMS YOU!

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS17.462$-6.14%17.48%
QAUQuantum0.169$6.2%3.97%
RHOCRChain1.961$6.3%42.98%
WAVESWaves7.552$1.39%38.76%

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