SUMMARY
The video has tons more details than this summary!
STEEM has decisively breached the upper resistance line of the channel. This channel had entrapped STEEM for so long! Now, the action begins! I've laid out the Elliott Wave price pathway and show how they were delineated. Wave 3 is 1.618 the length of wave 1 and wave 5 is equal to the length of wave 1.
The Fractal comparison of STEEM to ZEN can be used as a guide for what next to expect for STEEM price! Similar to ZEN, STEEM should continue going vertical towards $3.50 or so.
I am using the SBD actions as leading indicator for STEEM. I've drawn out the Cup & Handle pattern. As SBD hit $18.68, I can't see why STEEM can't...in fact STEEM could well exceed $14 and $18 and $30, IMHO!
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?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**