FunFair (FUN/BTC) started carving out the Cup & Handle pattern back in October of last year. The Cup formation itself took nearly four months and the handle is not going into a third month. This pattern often takes this long and because of it, is the most common type for Altcoins. This is also the pattern that enables a sustainable rally. From the perspective of pattern and Elliott Waves, it seems complete.
Subwaves show that the abcde waves of the handle formation are almost fully placed. The final wave E's c wave counts as a potential ending diagonal; hence the 1,2,3,4,5 count. There is one more wave to go; thought it could already be considered complete. What comes next? A breakout.
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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
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