Mithril (MITH): Very Young Coin, But Already "Fractaling"!!

SUMMARY

Price action is the most earliest reflection of sentiment and is more upstream than news or events. That's why these news ore events always arrive later to justify the forecast.

Mithril (MITH/BTC) is a very young coin but as you can see in below chart, the fractals are quite uncanny! The blue box shows a bull flag from which price vertically surged. The white box also contains a fractal of the first and price is just breaking out! What do you think will happen next?

I believe the current breakout will likely be in a five wave impulse and those waves are labeled (white). The MACD could dip slightly but quickly reverse to a rise to support the upcoming impulse motive.

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
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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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