Centrality (CENNZ): BOOM! A 43% Profit Since Recommended on 4/14/18

in #centrality7 years ago

SUMMARY

On April 14th, the below chart of Centrality (CENNZ/BTC) was posted. It showed a prominent Cup & Handle pattern that was about to breakout. Both pattern and MACD indicator were pointing to higher highs. This is the type of situation to hunt for because it represents the risk/reward profile that lean towards your benefit. Are they all perfect? No, because Technical Analysis is NOT based on the certainty principle but rather probability. If you want certainty, go seek out the great one with the crystal ball!

Since then, CENZZ climbed as much as 43%! However, is it time to sell? Well, let's see. The pattern shows that the handle formation is embedded within a larger symmetrical triangle (blue). The MACD indicator is also still traversing within a symmetrical triangle and it hasn't yet broken out! Would this be the time to be taking selling or buying actions? Such decision must be self made. My analysis is only to be used to augment your own due diligence.

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!!
--
--

Sort: