Cannabis (CANN): Waiting on Impulse
Cannabis (CANN/USD) has a few scenario probabilities. The primary is an impulse Elliott Wave projection and the alternate involves a longer sideways movement to fulfill the Hurry Up & Wait condition of most Altcoins. The chart below shows the handle of the Cup & Handle pattern formation is likely complete and should be followed by an impulse 1,2,3,4,5.
A closer look at the breakout shows an expanded flat abc correction in progress. This is when the B wave is higher than the origin of A wave. IF this is the correct count, then price is putting in the final counts of wave C subwaves (white). Wave 5 should complete soon and likely mark the C completion.
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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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Tutorial on the use of Fibonacci & Elliott Waves
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Funny.
Gotta support da weed coin..hmm only reason is bcuz is used for medical purpose...wink! lol
I'm ready for this correction of CANN to be done with so we can fly to the clouds...let's get high!!!
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This work reminds me of simplicity in handling sensitive matters, it's audible enough to serves as a corrective measure. Astonish job, this is my very first time commenting on your blog because I find this interesting and informative.
nice post @haejin . i really like your post to much. thanks for share the post.
Another great analysis. Thanks @haejin. Cannabis coin reminds me of trailer park boys, They make hash coins to buy shit, instead of selling the hash and using money.
Very good
Good work sir
@haejin is the best