Syndicate (SYNX/BTC) can clearly be shown to have two fractals. The first is a Cup & Handle that resulted in price skyrocketing in a very rushed impulse set as shown by the blue five waves. Following the a,b,c correction, a second fractal has formed and is nearly complete. Fractal #2 also has an embeded rounded price bottom. Once and IF the blue handle formation completes, the first fractal price action could be used as guide for subsequent likelihood of a surge in SYNX/BTC.
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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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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