SUMMARY

Well, it seems like KuCoin (KCS/USD) doesn't do anything small. The very oversized rounded price formation has high left and right walls....certainly a very deep bowl. Not how vertical the blue five wave impulse was. Do you think the next impulse run up will also be near vertical? Afterall, the right wall of the bowl needs to be built.

The MACD is saying that the price run is about to break loose. It's coiled and ready to explode. The price will likely have a steeper angle of ascent than drawn in the chart. Let's see how the next few weeks play out!

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--