Bread (BRD): The Handle is Nearly Complete

in #bread6 years ago

SUMMARY

Bread (BRD) is patterning very similar to Bitcoin! The downward wedge is sizable and that is followed by a Cp & Handle pattern. This combination of two types of bullish patterns has the potential of being quite formidable anti-bears. Give that five waves up has built the right wall of the Cup, the handle correction is currently in progress.

The impulse waves are projecting higher highs once the handle is complete and its ABC red waves coudl already be done or one more incremental lower low might be needed. The MACD is coiled and ready to breakout as shown (blue arrow).

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:  

Thanx for this information :-)

They realized successful airdrop that is over at beginning of this week. So this situation effect to bread's uptrend possitively

damn, are you serious now again.
I followed some of your analysis before and guess what?
You were always wrong in the big majority, you just know how to play with those lines and stuff, anything else more than that I would call it Bullshit.

There's a reason why serious market analysis is done by algorithms and not people drawing lines over charts.

This is good informatio .I have had a lot of benefits in getting your post. Thank you very much. take care.

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BRDBread0.669$-2.63%-14.35%
BTCBitcoin8516.160$-2.32%-7.25%
EOSEOS12.982$-7.95%-27.75%
QAUQuantum0.159$-9.2%-8.4%
WAVESWaves6.157$-7.07%-4.42%

Thanks for the analysis always good information from you @haejin

Ty! It would be very cool If you did an anlysis of PKT..... I am a noob and have no idea what to do with it in the current market situation :)

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.033
BTC 64678.67
ETH 3086.68
USDT 1.00
SBD 3.87