Worldwide Asset Exchange (WAX) Counts well as an ABC Elliott Wave Correction

[haejin]

SUMMARY

Worldwide Asset Exchange (WAX) is another example of how a coin's genesis begins with a correction. In such cases, the correction is more usually deeper and longer than expected. First because it's an altcoin and second, if it's a new ICO on exchange, there is not enough liquidity. The below chart shows an ABC correction in probress. This would most likely be a ZigZag (5,3,5) type.

Since the correction satrted on early February, having it complete soon might be the primary count but the top alternate is clearly that of an extended one. The five subwaves of the C wave looks to be nearly done and at minimum, that would mean a sizable relief bounce is due. IF the correction decides to extend after the bounce; then the Elliott Wave labels will need to be updated. For now, let's keep it as it is.

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.

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Elliott Wave Counting Tutorial #1
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Comments

[princetuhin1]

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I think that post is disgusting ..
Uncool post.😁😁😁😁

[sublimate]

I predict this person is going to be upvoted
10 times this day, by a single whale!
i predict his name would be:

+ranchorelaxo

Can i know the future ?
No!. because there is no voting ring!

[greenmask9]

Haejin could easily get rid of downvoters if he listened to them. Just one competition for his upvote or such would befriend many of them.

[hakan1988]

directive

[coin.info]

Coins mentioned in post:

Coin		Price (USD)	📈 24h	📉 7d
EOS	EOS	4.682$	8.1%	-23.51%
QAU	Quantum	0.151$	26.7%	-12.9%
WAVES	Waves	4.560$	4.49%	-22.53%
WAX	WAX	0.128$	9.75%	-33.27%

[imamulkhan]

very nice post sir....

[rickychain]

i love it！