SUMMARY
ZEN was an early component of my portfolio while sub $10. It is a long term holder and I've often called it the ZEN of WEALTH! This coin has MASSIVE potential in the years to come! It started with a very classic Cup & Handle and rocketed through a full set of impulse waves. As the ABC red labels show in below chart, the bottom could well be in!
The closeup shows that a breakout could be in progress as price has exceeded the upper blue line of a parallel channel. IF this is a true, decisive breakout, then more price action can be expected.
The impulse wave clearly shows that price must stay above the blue channel line and not dip back in. Price is currently pathing out the wave 3 and 4 could be a bit lower than labeled and sit on the blue line as support.
It's imperative that price remain above the blue line. Should it come back underneath; a scenario for an abcde could await as shown in below chart.
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 shoud 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!!
--
--
