SUMMARY

First, HTML Coin is a very thinkly traded coin; that means caution needs to be taken because entry and exits can be hampered by low liquidity! Second, the pattern looks bullish. The Cup & Handle pattern is pretty clear. The left wall is built and the basin phase of the Cup is finishing up. That means the right wall of the rounded price formation as shown by the white arrow is next. I believe higher highs are ahead!

The MACD sure agrees in that it too should breakout soon. The blue impulse waves show that wave 5 should about equate the peak of the left wall. Again, be cautious of the thinly traded status.

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!!
--
--