SUMMARY
OAX is another ground floor candidate. Take a look at the the Cup & Handle and price is climbing the right side wall! I believe wave 2 should coincide with the handle formation. Waves 1,2,3,4,5 should first hit $8.78 and then $10.10 for a 380% profit potential!
When the OAX/BTC pair is as similar in pattern as its OAX/USD cousin...it's bullish!! This means that sentiment is bullish strong such that the rate of demand for the OAX/BTC pair is expected to easily outpace the rate of rise for BTC. The Cup & Handle is uncanny and the Elliott Waves should take the price to 0.001156 BTC or HIGHER! Yes, new all time highs likely ahead!
Here is the OAX/ETH pair...even more bullish! The Fractals are almost always indicative of proportional move potentials. So, look how far Fractal #1 moved the price up....how much higher do you think the Fractal #2 will move the price proportionally? My target of 0.0126 ETH is conservative!
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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