SUMMARY
ZEN Cash is coiling...coiling into an a,b,c,d e triangle cotinuation pattern. The chart below is a 4 hr chart and the triangle is outlined by white lines. The waves a,b,c,d are complete and e is about to complete and this should sling shot ZEN upwards towards $37 in a new impulse set of waves.
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Coiling? I haven't heard you talk about this phenomenon in the videos I have watched so far. What exactly does this entail? Thanks for the review.
It's a metaphore for the triangle correction, which usually acts as a continuation correction. Similar to a flag, but since support and resistence converge, reminds of a coil as prices compress.
good post
Thanks for the updates
Thank you @haejin :)
wonderful post and narrative. Thank you for sharing!
very cool post and vlog, i like it
haejin thank you for your work! upvoted and reestemed... could you take a look @ ETP, CVC and TenX?
Very informative. Thanks!
Your feedback would mean a lot:
https://steemit.com/bqx/@ennnzai/bitquence-bqx-projection-short-term-target-4-244
it broke under the triangle and now trading sideways - price target still valid?
I'll try and get to it tomorrow.
@haejin thanks for your excellent analysis as always. I'm currently trying to use what you have taught us on ETP/USD (bitfinex). I see the initial 5 waves that mooned this coin, then an ABC correction which I think ended yesterday with a double bottom confirmation. But I'm not sure about the next set of 5 waves because there doesnt seem to be an impulse. I think I may have got it all wrong and would appreciate your input https://www.coinigy.com/s/i/59ef9598b502b/