I've been watching BITTREX:NLGBTC since January 3rd and it is a very strong coin. In fact, NLG continued to climb steadily while
BTCUSD
corrected over the last few days. However, it has entered a daily bearish trend, that may last for a few days if my ABC Elliot assumption is correct.
Analysis:
• As shown in the 2H chart, NLG enjoyed a strong bullish trend for 30 days with a %570 increase since December 13. Observe the classic Elliot Wave pattern, and then note the corrective ABC forecast.
Education:
• Learn about the Elliot Wave Principle here.
I'm chiefwils0n, a life-long learner and teacher. This is my first chart, analysis, and journey into trading. Please feel free to offer constructive feedback
Thanks for your support!
BTCUSD
corrected over the last few days. However, it has entered a daily bearish trend, that may last for a few days if my ABC Elliot assumption is correct. Analysis:
• As shown in the 2H chart, NLG enjoyed a strong bullish trend for 30 days with a %570 increase since December 13. Observe the classic Elliot Wave pattern, and then note the corrective ABC forecast.
Education:
• Learn about the Elliot Wave Principle here.
I'm chiefwils0n, a life-long learner and teacher. This is my first chart, analysis, and journey into trading. Please feel free to offer constructive feedback
Thanks for your support!