I've been watching BITTREX:NLGBTC since January 3rd and it is a very strong coin. In fact, NLG continued to climb steadily while COINBASE: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