SUMMARY
Allion (ALL/BTC) is displaying a combination pattern. Two types of patterns and each in a fractal. The descending wedge fractals can be seen embedded with the rounded price bottom fractals. This can be quite bullish, once the pattern and correction completes. Observe how the MACD is inclining with higher lows while the price had been putting in lower lows. This positive divergence does not continue forever and as price approches the apex even more; a breakout is likely.
The Elliott Waves show a potential for one more lower low; but not required. The white wxyxz shows that z is still incomplete. However, the right wall side of the second rounded price formation will likely be built following a breakout. It's very close.
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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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Ok sir! Thank you very much for your information. I upvote, resteem and follow you.
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Thanks, man, for your hard work you do for this community. The analysis and information is much appreciated! You, sir, are a scholar! Keep up the good work!