SUMMARY

AidCoin (AID) has incrementally put in lower lows for most of February and thus far in March. It's a slow crunch of sideways action that overall looks to be a ZigZag given that wave A has five subwaves. This 5,3,5 move means that B would have three subwaves and five for C. The downward wedge, while bullish in indication, can still mean further sideways price action.

Filling in the subwaves for C at current position could give greater significance to the breakout. However, the breakout looks very three wavish, thus far and that's not how an impulse initiates.

The more likely pathway is shown below which takes into account the abc (blue X subwaves) and calls for one more incremental lower low potential. Unless price starts making new higher highs to further mature an impulse run upwards, AID looks to be hunting to place the z wave of a complex correction.

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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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