ETHLend (LEND) Won't Lend you Profits...It'll GIVE it to YOU!!
SUMMARY
LEND is correcting but it's doing it to the tune of an a,b,c FLAT (3,3,5). After a vintage impulse wave of 1,2,3,4,5; the Flat correction was triggered. Elliott Waves states that after a five wave rise, there is a requisite a,b,c correction and this correction often retraces to prior wave 4 of a lesser degree. I've labeled the subwaves of the red C wave and likely, there is one more lower low probable. This means that a prime buy zone could be appraoching. The blue wave 5 of red wave C could signal the level from which the resumption of the original trend will occur. That original trend is UP!
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.
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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ETHLEND down
Was going to invest in the ICO but the Founder seemed to lack experience - his only professional experience was volunteering at his local college union
Cool title, it will give profits! No doubts about this one, but happy to know that my thoughts go hand in hand with charts analysis. I love this project and envision a great future for LEND ;-)
And guys, their loans are already active. The site will still go through some beauty makeover, but the product is up! New Loan Requests are posted daily.
I just made a post summarizing a lot of the previous Haejin's predictions and inserted them in a table! I am about to calculate the percentages and probably try some new ideas I have!
https://steemit.com/vincentb/@marc12/haejin-predictions-summary
Try your ideas and share them with us :-)
Good article, I am holding!
Can you give ETHOS a look? Thanks!
Can you please do one on Achain (ACT). I went in for the fork and then ACT crashed, I studied graph before buying in, I knew correction would come but it has gone down too low, still haven't crossed last support and that is the only positive hope i am hanging onto. Please @haejin do a analysis of Achain (ACT) ASAP.
Thanks for helping community.