SUMMARY

Electra (ECA) is a new coin and to me at least, NOT a shitcoin. Based on the technicals, it's got quite a super future; despite its humble beginings. Now, ECA is a bit thinly traded so obviously buying 20% of the float isn't using common sense. However, from first sight, the bull flag pattern is quite attractive. Also, a very nice impulse of five waves climbed upwards before correcting into the bull flag.

The bull flag is really the handle portion of a larger Cup & Handle pattern as shown below. It's quite exciting to see a break out from this type of pattern because the rise becomes ferocious! The blue waves + white arrow provide a potential price pathway to higher highs. The MACD is also expected to support. Price might dip a little as shown by white arrow before the breakout. Is this the time to be taking BUYING or SELLING actions on Electra?

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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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