SUMMARY
Pascal (PASC/USD) was a massive pump and dump from nearly $40,000 to $0.125...those who perpetrated this should be held accountable as many were hurt! Is it worth it to do a pre-ICO contribution? If you want to be a bag holder...YES! Only the innocent and the idiots get hurt.
The below chart shows that the bottom was around $0.125 and I've drawn a cup & handle pattern where the symmetrical triangle formation represents the handle. The horizontal price channel is very similar to what's already been shown for ZEC and STEEM and ZEN. This level of "speciation" of altcoins with regards to price pattern phenotype is amazing! The blue Elliott Waves target $1.77 as the target or 261% Profit Potential. Still, nothing close to even recouping the loss from $40,000!
I've posted the beautiful chart of ZEN coin to compare contrast the similarities. ZEN too has a symmetrical triangle for the handle formation and the horizontal channel. This is the price pathway PASC, ZEC and STEEM can look forward to.
The below is that of PASC/BTC pair. Chart Pattern shows a bear flag coincided with the b wave of the a,b,c correction. I've also added the subwaves of wave c and thus the whole correction seems complete. IF so, then an impulse set of Elliott Waves should take PASC/BTC to 0.000747 BTC or higher.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
I remember people in the trollbox at poloniex calling it pascam a while ago. Who’s laughing now? Ok I’m in
Well the pump and dump was scammish.
Criminal really.
damn 40K!
something is wrong with your BTC update video :(
When I'm traveling, I use slow hotel wifi...wait a bit when these happen because it's probably still uploading and being processed by youtube.
Nice post..
bcak me vote and Comments...
and follow me plzzz
Thank you Haejin. Great job.