IGNIS/ETH Target of 0.0406 ETH (497% Profit Potential)
SUMMARY
IGNIS/ETH is about to jump out of the downward pointing bullish symmetrical triangle. Look how the triangle is pointing downwards. This is bullish because the number of sellers is decreasing as the price decreases. This continues until only buyers remain and that's why price explodes at end of such patterns. The key is to cast your buy ladders and never buy any purchase in a single transaction. This could cause what's called buyer's remorse and can be avoided using the buy ladders. To learn more about how to cast a buy ladder, please refer to this tutorial. The target is 0.0406 ETH or 497% Profit Potential.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: 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.**
what potential does it hold for another 6 months
@teenovision, my opinion it wil go up within 3-4 Month, keep it HOLD Bro
First!
Could you please do an update on Monaco (MCO)?
Mónaco project is awesome. I want the card so bad.
Here's my analysis I did on Monaco a few days ago...Still valid. We're nearing the apex in the triangle and will soon have a break out I believe.
https://steemit.com/bitcoin/@benkalashnikov/monaco-mco-analysis-561-profit-potential
Ignis ICO futures price maybe... But IGNIS is worth approximately 1.5 USD in Ardor wallet as far as I know. And since IGNIS is already released and may be listed at exchange in next few weeks, this chart will be outdated very soon. And a lot of people will loose short term. Also what is the volume there? 6.3 BTC. ARDR has 170 BTC at HitBTC exchange. Once IGNIS gets listed, volume will go up. And I really don't believe that market would share that 0,15 ETH (at the time of writing) sentiment any longer.
And the logic is real. You can buy IGNIS at 1,5 USD in ARDR wallet. Send it to HitBTC. And sell IGNIS it for 10+ USD. That would take less than a minute and sellers will dump the price. Also, HitBTC supported airdrop. So a lot of folks will have IGNIS at HitBTC at the time of listing. No way this imbalance can survive beyond the point of IGNIS getting listed. Until that time... Maybe your chart will go in direction you expect. After that, it will go the other direction.
Sometimes it pays off to read news, too. Not only charts, master.
Also, this had already happened to TRX at HitBTC. Price for it was way over the top. Almost 100% higher. All the people buying cheap at Binance and willing to sell higher only found out that HitBTC has technical issues with TRX deposits and their TRX got stuck.
After HitBTC solved the issue (it took a day or two), the price went down to level of price at Binance in one 5 minute candle.
If there was no technical problem, there would not be lack of TRX at selling side, and price never got so much over the top.
Same will happen once all the free IGNIS from air drop actually reaches the exchange.
Thanks for this.
@Haejin, you are the best. Always delivering on time. I need more of crypto info.
This crypto is hard to find to buy, but I appreciate the teaching! Thank you Haejin
Thanks you for always sharing post on cryptocurrency..some of us really like it..and enjoys reading it. Always keeping us up-to-date...
@haejin you are amazing my friend! Thank you for all the analysis’s you put out and all the free information. With tutorial courses, We all really appreciate it!
Too bad its not on Binance or Bittrex. haejin has been so good to my portfolio.
I had NXT when they took the snapshot and am still waiting on the airdrop on Bittrex. I hope IGNIS is still worth something by the time I get it, lol.
it won't be worth much once all of the 1billion coins are in circulation
seriously
I am in same boat
Where are these coins that are not on Binance?
Coinmarketcap -> Select a Coin -> Markets
Thanks Haejin!