SUMMARY
CoinDash (CDT) is providing an opportunity of a correction. This is because the best time to buy is at an end of an a,b,c correction. Why? Because, following a correction, there is trend reversal; or the origination of the original trend and in this case, its UP! I much prefer to trade the /USD pair as it only has on changing variable and that is the demand for the coin while the USD value can be assumed constant.
The chart below shows a Cup & Handle pattern and the handle formation is being coincident with wave 2 and this means a likely 50% retrace of the prior rise. To most, this would equate to a time to panic sell. Not to me...it's time to ready a buy ladder. As the subwaves are counted, one can determine if the correction is nearing completion so as to cast the ladder. Elliott Waves is shown to potentially carry CDT to $0.95 or higher!
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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