Zilliqa (ZIL): A Bearish Projection in Pattern & Elliott Waves

haejin (87)in #zilliq • 6 years ago

SUMMARY

Zilliqa (ZIL) price climbed while patterning out an upward pointing wedge. Price has breached the lower pattern line and the resulting correction could have an ABC pathway, as shown.

The subwaves show a clear and confirmatory abcde (blue) subwaves that map out the bearish wedge pattern. The ABC is labeled and likely to be a ZigZag (5,3,5). The five subwaves of white A and abc (red) subwaves of white B are clearly posted. Since C waves always have five subwaves, the blue 1,2,3,4,5 provide a projected price pathway. However, recall two things. First, a correction is never quick for Altcoins. Second, this ABC can morph into a more complex wave count as well as pattern.

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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

#money #cryptocurrency #blockchain #altcoins

6 years ago in #zilliq by haejin (87)

$125.55

Sort:

Trending

[-]

johndogett (55) 6 years ago (edited)

$0.16

1 vote

[-]

steemwhele (48) 6 years ago

does i have mor power than u ? lol

$0.04

2 votes

[-]

steemvisions (27) 6 years ago

You are good at what you do, @haejin. I give you that.I have just been reading through you Essay-Is Technical Analysis a quantum event? And i have to say, you got much up your hands, man.

I think that most people seem to complicate TA, and give the impression of something out of the planet. The most naive ones, even suggest that TA doesn't work, But of course these lot does not deserve an answer.

Reading your works, one finds the level of simplicity that should characterize all TA's. Tat you manage to put across complex ideas in this simplified a manner to be understood by even starters like us, is testament to your experience.

I personally intend to occasionally be writing on cryptos, but i am still trying to figure out what exact niche to focus on.

TA? not yet. I still got a lot of learning to do. And yes, for th next 7-14 days, i plan to just read and read and read and grasp your works, plus others out there, so to make sure, i can learn and see what to focus my blog on. Until thn, i will just be reading, and sharing in your comments as i learn.

I will say again, you are the man to follow, and learn from. And i am following you now. because i am convinced you are worth it, a million times.

$0.00

1 vote

[-]