SkyCoin (SKYP: A Bear Flag + Cup & Handle by haejin

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· @haejin ·
$95.55
SkyCoin (SKYP: A Bear Flag + Cup & Handle
<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
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**SUMMARY**

SkyCoin (SKY/USD) rose in five waves and declined in a wxyxz (blue) sequence. This type of sequence has been quite frequently used to drive the retracement deep. Price has risen in a five wave impulse up and patterned out a bear flag. Would this mean a new lower low is likely?
![](https://steemitimages.com/DQmakDbJV8oWzyQoRCeW9uLK4Yyf2vBNs55Y2Q9JqFTxqnj/image.png)


The Cup & Handle pattern can also be drawn as shown in white. The handle formation is likely to be the correction following the five wave rise up. It's could be in the form of a downward wedge or any other wave sequence. The MACD has probably made a bull wick event as it has pierced the lower trend line of its symmetrical triangle. SKY will likely follow in the footsteps of Bitcoin's price moves.
![](https://steemitimages.com/DQmRXwP6U7Ke9DcBbhFVzNvHAzUqsSk8Zm2aYRcYYjNwWuh/image.png)

**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 200 others
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@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 8224.830$ | _-0.32%_ | _-2.74%_
**EOS** | EOS | 12.989$ | _-0.2%_ | _-6.82%_
**QAU** | Quantum | 0.168$ | _0.36%_ | _-8.34%_
**SKY** | Skycoin | 22.854$ | _-1.15%_ | _-0.47%_
**WAVES** | Waves | 5.899$ | _-2.95%_ | _-4.05%_
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@tmonkell ·
Wewt!
👎  
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@shorifulislam ·
hello.
I want to be your friend.Can we be friend? i know you are so good.
👎  
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@boykarim ·
Hi haejin.. lest Make A Friends. me Also Trader and Bitcoin Fans,, 
Lest Make Some Easy Money Together![notif.png](https://steemitimages.com/DQmPgtsqGjyixdfe8DkpMhpF2qX1LhSKCcVaNMrCpc2x2D1/notif.png). Am come From Indonesia By The Way.
👎  
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@mia-k-sleek ·
this is realy educateing, i will love to know you more.
👎  
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@moyse ·
ITS A GOOD COIN SIR
👎  
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@satoshipapi ·
looking for a easy way to mine monero from any device go here > https://goo.gl/fgyUR7

want to know how to be massively successful in crypto go here > http://satoshipapi.io/freelance-services
👎  ,
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@tmonkell ·
Why you so spam...
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@lyndsaybowes ·
$0.02
This post has been downvoted, it is a @flagtarget.

READ: [Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.](https://steemit.com/abuse/@flagtarget/resteems-haejin-s-8th-9th-and-10th-post-of-the-day-as-target-to-be-flagged)  

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the *potential* rewards from those three.  

## Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.  

![Screen Shot 2018-04-28 at 9.28.33 PM.png](https://steemitimages.com/DQma99ViJcxuBcMaHLhWaEfc1QuzsXmNeLZQM3gvGHXZPJb/Screen%20Shot%202018-04-28%20at%209.28.33%20PM.png)

![Screen Shot 2018-04-28 at 9.28.51 PM.png](https://steemitimages.com/DQmbfGS8GStSHkn7FxQCntEs7YAN8588bj5m3zTZUCuqZE5/Screen%20Shot%202018-04-28%20at%209.28.51%20PM.png)
👍  
👎  
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@skycornish ·
I need to buy some SKYcoin!!
👎  
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