MaximBar

TNBBTC - 200% profit potential (if all factors will conspire)

Long
BINANCE:TNBBTC   None
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2
TNB - quite overhyped Asian App allowing the fans to purchase some time to interact with their favorite celebs.
This is a requested analysis.
I believe we might have completed the 5 Elliott waves and are currently in ABC (or it will be ABCDE correction), but as long as we trade within the channel, we are OK!
a break out would lead us to a new target - 200% above the current price.

Comments

Hello sir, correct me if i'm wrong but in an ABC correction C needs to be lower than A. I personally thought we are in the end of wave C but i might be wrong.
Have a nice day
+2 Reply
MaximBar ComeTcrypto
@ComeTcrypto, I agree that what we see now could be C already, just for simplicity I drew an extended correction. And theoretically C can be on the same level as B (flat correction), I agree what it is very speculative what I drew.
Flat correction is mentioned here (it is more like a sideways movement).
http://www.forexabode.com/forex-school/technical-indicators/elliott-wave-theory/abc-correction/
Reply
ComeTcrypto MaximBar
@MaximBar, i see... anyway A or C we should going up from this price aha :D.
Thank you for the link.
+1 Reply
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