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Shotokhan
Dec 14, 2017 1:42 AM

cup and handle + possible elliot waves 

Komodo / BitcoinBittrex

Description

I'm just a beginner, I wanna try to share some idea more to be corrected really....

If you check the graph at 1h timeframe the cup and handle is pretty clear and I tried to draw the elliot waves that might be in the second wave phase (retracement) basing them on resistances and supports. Plus BTCD recently was swapped into KMD after they released the atomic swap, the coin price didn't rise much because of the BTC bull run. KMD is slowly rising, if BTC stays quiet in the next days the price of KMD can continue its rise.
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