AirSwap (AST): Breakout Doesn't Look Genuine

in #airswap6 years ago

SUMMARY

AirSwap (AST) is showing a very clear Cup & Handle pattern. This pattern invalidates if the handle goes lower than the lowest point of the Cup formation. That hasn't occurred. Price has broken out of the downward wedge which is forming the handle of the pattern. However, the breakout doesn't look impulsive and so not genuine.

The subwaves show that the ABC could be complete but we've seen this before and the breakout will likely lead to a lower low rather than two rounds of impulse up. This means that the whole correction could go complex.

So, here is the complex Elliott Wave scenario. There is likley one more incremental lower low as the red Z wave.

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!!
--
--

Sort:  

although it seems that there are fallen downs, I do not think that the downsides are decisive for the next few days

Make sure you downvote all of @Haejin's scammy post!!!

Screenshot (85)_LI.jpg


EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS

Nice You have good job big thumbs up resteem from my side best of luck

Make sure you downvote all of @Haejin's scammy post!!!

Screenshot (85)_LI.jpg


EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 112.06 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
ASTAirSwap0.228$-6.57%-19.18%
EOSEOS6.090$0.11%-12.71%
QAUQuantum0.094$-8.82%-31.98%
WAVESWaves3.605$-3.48%-23.44%

Make sure you downvote all of @Haejin's scammy post!!!

Screenshot (85)_LI.jpg


EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS

Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 43 and the total pending payments to posts in these categories was $2798.27. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

What do you think about this analysis?
Charts.gif

EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.039
BTC 69965.85
ETH 3540.49
USDT 1.00
SBD 4.71