High Performance Blockchain (HPB): Cup & Handle Bullish Potential

SUMMARY

Some have done well in pre-ICO subscriptions. But, I'd rather wait for the ICO and the almost always decline within the first few weeks. Then come in and pick up the bargain basement prices!

High Performance Blockchain (HPB) executed the ICO early phase decline like clock work. But as an analyst, I counted the Elliott Waves and mapped the pattern. The decline was a classic 5,3,5 or a ZigZag ABC correction. The subwaves have been labeled in the below chart accordingly. Once the first five waves of red A were detected, the ZigZag probability rose very high and so mapping out the remainder of the 3 and 5 waves of B and C could have aided in casting a very profitable buy entry.

So, using Elliott Waves and Pattern, perhaps they can aid in the future profitability of a buy entry made at red C. IF the recent price was continues to a higher high generation and given how oversold the MACD is; the likelihood of price to put in the blue outline of a rounded price formation becomes higher. Once the five waves (blue) are complete, a corrective decline of 50% to 61.8% could mark the handle formation of a Cup & Handle bullish potential.

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?

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