SmartCash (SMART): Expect a Correction
SUMMARY
SmarCash (SMART/USD) is in an overall bullish phase in that it is patterning out the Cup & Handle formation. However, since the Cup is complete, the handle needs to be formed. The below chart shows a potential 50% retraacement of the recent rise so as to complete the handle pattern.
The MACD is curling downwards at an overbought stage. This will likely pull prices down towards a 0.5 or 0.618 Fib zone level.
The bearish harami is quite apparent. The long red candle is encompassing the prior, shorter, green price candle. This culminates well with the pattern and MACD readouts for a correction.
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!!
--
--
i bought few months ago still sory i dodnt sell on the top so i can buy more now )
@bitcointravel, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!
@haejin you make great toilet, just like your TA!
I'll be watching smartcash to see how this plays out. Cheers
Potential investors in SmartCash should know of the current SmartNode bug exploit: https://steemit.com/altcoin/@toon/beware-of-smartcash-major-smartnode-exploit-not-being-publicized-or-fixed
@toon, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!
@haejin you make great toilet, just like your TA!
iCoinCourse - the best software to check the rate of your cryptocurrency with comfort.
https://icoincourse.com/
this pump was huge, now is time for a correction
@flox86, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!
@haejin you make great toilet, just like your TA!
this correction will be a bear trap. that 50% retracement should set the market up for some good gains over the next month or so. but the next few days i expect to see us head back towards 7,600.
its always fun reading your analysis post's they keep me pondering.
Though you are not an financial advisor, i must confess i learn more form you than i do from the so-called professional financial advisors.
Just keep up the good work haejin.
Hey bro what u think about Verge and their new partnership with P..nhub ?
has that been substantiated by pornhub?