Jibrel Network (JNT): What Pattern Can Be Drawn?

in #jilbernetwork6 years ago

SUMMARY

Here is Jibrel Network (NJT/BTC). To a novice, this chart could appear as a jumble of price bars. However, there are distinct Elliott Waves in play and a very bullish pattern? Can you discern which one? The Corrective ABC is complete and price has naturally started impulsing (white). What's next?

I've drawn out the pattern as an Invert H&S. The LS, H and RS (blue) are clearly marked. The RS is nearly complete and that would leave for price to breach the neckline (white). The volume also confirms as the H has the highest volume peaks. The subwaves (blue) also show that wave 5 is the remaining one to be completed. The minimum target for IH&S pattern is 6,891 Satoshi.

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?

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8316.030$-2.6%-10.81%
EOSEOS12.391$-5.34%-30.85%
JNTJibrel Network0.351$-2.83%14.2%
QAUQuantum0.167$4.08%-3.86%
WAVESWaves6.125$-1.38%-8.0%

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