This is purely a technical analysis without any regard to politics. XPD has shown price breaking out of a downward symmetrical triangle. This breakout looks to be genuine and now to make it decisive, price needs to remain outside the triangle. This is usually accomplished by putting the first set of impulse waves.
The microwave count shows waves 1,2 and 3 complete and 4 is in the works. Exactly which of the 36 pattern or wave sequence option wave 4 will take is unclear for now; however, the impulse would complete with a wave 5 up. Often this wave 5 finishes higher than the starting point of the wedge.
Volume spike and increase was accompanied by the breakout activity and this is good to see. Sustainability of a breakout is indicated by volume. One should also set an expectation of higher than normal volatility for XPD as it is quite immatrue in liquidity.
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?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
lolz
Haejin I know you don't do fundamentals- but this isn't the Venuzuelean Petro dollar- this is a coin thats been dead for years with no devs and no website. Lol to anyone who bought this dead coin, hope you made some money tho!
I thought it was venezualan petro dollar for a second lol. thanks for sharing
thanks for about Petro Dollar (XPD) update news @haejin
Hello Haejin's followers, I know a lot of you are new here and still trying to figure things out. I wrote a post to explain how the reputation score works. Feel free to check it out. No need to upvote, just read it so that you know. https://steemit.com/reputation/@moeknows/some-interesting-facts-about-reputation-on-steemit
Let’s say you can look past the political issues. IF YOU ARE A US CITIZEN OR RESIDENT YOU LIKELY WILL BE FOUND TO BE BREAKING US SANCTIONS. This is in all caps because this is a serious serious deal. It’s why no US companies will trade with Cuba or North Korea. Seriously it’s not worth the risk.
Bullshit aside PLEASE add this to your post @haejin. You don’t need to credit me or anything just paste this warning to the top of your post.
Dude, really? I'm from argentina, so sad to read that goverment santion your ideas, in what looks like, a severe way.
What do you mean?
I would take as a direct treathen to my free will if In this case scenario.
Why so many similar comments here? Thank you very much @haejin for the information.
Spammers and hecklers and trolls.
Simply mute them and you'll never see their spam!
Thank you very much for the information. I am new at this. From what I saw, you have a lot of people against it. What is this about?. I do not understand the "wars" that take place here.
That's a lot o' spam!
what @Haejin said, I'm starting a rebellion, wanna join?
That's a lot o' spam!
please everyone dont buy this shit.
Hi haejin! it's good for us . slut boss for this
https://steemit.com/life/@kingraju/biography-of-musicians-of-bangladesh-part-1
I feel sorry that you covered this coin. The statement that this is only for T.A. and not politics does not make it right. By creating this post you are giving attention and publicity to a speculative asset that has political ties attached to it... bloody ones too! IF this was a way to get more attention and follower, this is no a thoughtful act. ... Let's be considerate for a moment, the actions of each individual create the world we live in. Getting richer regardless of others and the environment we live in is not sustainable. PEACE
I now see that this has nothing to do with Venezuela and I misunderstood the phrase "without any regard to politics". Apologies haejin for this misunderstanding. I still believe every word I said (should the context had been right) and prefer to leave the original comment. Be well!
@kingjongpoo I do not want your vote or anything to do with you. Give the guy a rest. If steemit is not distributing rewards fairly in your view, find a constructive approach to the problem.
Wao ,so informative
hay master how to master how to play steemit good
why are you joking like that?
Who's baejin?
Please my vote my ID @mohabat
impressive and obvious analysis easy to undearstand , im having some dificulty in my start on steemit i need your encouragment guy maybe one day i ll be able to help back
This is only because people think they are buying the ICO of the PETRO from Venezuela - which it is not. This is an old and failed cryptocurrency getting new life from the launch of something that is not even actually crypto
Yes, news or events will arrive to justify the price move.
Nice insight, where can I buy XPD?
That's a lot o' spam!
Word is going to the centralized crypto currency. In near future some other countries like may be Iran announce its own crypto currency. In future currency Will be only Crypto
Como es tan confuso todo este tema del petro..
Elliot wave is is BS especially for crypto
Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 50 and the total pending payments to posts in these categories was $4373.23. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 206.14 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Bottom lineia this guy does nothjng that doest benefit himself first abd foremost. Theres something lurking in this crypto and its not going to be good when it shows.
PetroDollar (XPD) ≠ El Petro (PTR)
Between al this inmense pile of assheads, I wan't to say that Petro Dollar will harm or improve drastically the global aknowdlegement of cryptos.
You know what to do bernieaidsers.
That's a lot o' spam!
Well, I read these many interesting comments before, but this one I haven't seen for a while, the I95 song:
it's nice
That's a lot o' spam!
Downvoted for racist picture.
Lol why is this racist ? 🤣🤣🤣🤣🤣