CoinDash (CDT) Analysis: A Pre-Breakout Setup in Progress!

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·@haejin·
0.000 HBD
CoinDash (CDT) Analysis: A Pre-Breakout Setup in Progress!
<center>![](https://steemitimages.com/DQmdUehoNd8SfhoAUaZjC1DssNfWLjNaTvEhQvmTNRvCfG5/image.png)</center>
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**SUMMARY**

**NOTE: Racist cartoons and insults are now being put up on the blog comments as attempts to further debunk and discourage my posts. Such actions should not be tolerated and strongly sanctioned by the Steemit community. How low will these haters stoop?**

CoinDash (CDT) is at a pre-breakout stage as its readying for the correction to complete. The Cup & Handle pattern could have a bit more symmetry but the pattern is quite uncanny, regardless. The handle formation is coinciding with wave 2 and the retracement is expected to be 78% per Fibonacci. The square root of 0.78 is 0.866; so that makes 86.6% the next Fib level should the 0.78 not hold. 
![](https://steemitimages.com/DQmfJyqdtdFBRb34QaAK8q1MyxZpHZTNsUgH9mzo3VGPLSM/image.png)

The close up of the handle formation provides more details on the subwaves of the current handle correction. The waves 1 and 2 are complete and 3 is almost. That leaves 4 and 5 to complete.
![](https://steemitimages.com/DQmf3CN28rJwVUgjDHbSdMMYm1Pp4sWwiRny8xmUXg3FRxm/image.png)





**Legal Disclaimer**: 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)
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