<center>![](https://steemitimages.com/DQmf5i45SGJccjYLWdc8q8KNzXgL2mfG6f2z1jc7U9xpQnn/image.png)</center>
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**SUMMARY**

Many thought that the first stab down was the end of the correction but in my blogs, I had consistently written about the Hurry Up & Wait syndrome of the Altcoins where the impulse moves are always rapid while corrections are notoriously slow.  AidCoin (AID) fits that profile perfectly. The below shows the wide ranging ABC corection in progress. Not how the first deep decline was not the bottom of the correction but rather the first phase. The second phase was wave B or the dead cat bounce. Currently, the third phase which I've termed the Basin Phase is in progress.
![](https://steemitimages.com/DQmNgr14S7JHS4ymT2Yujk1qqoQesDDdZnCJ9iR91LEqCGw/image.png)


The subwave mapping shows that wave C likely consists of the wxyxz (red) sequence. The blue box demarcates the probable Basin Phase where price moves sideways. Given another week or so; price should start exiting out of the basin phase and start building the right wall of the rounded price formation. 
![](https://steemitimages.com/DQmVup2PJp5RHdkcaAXYRwxqQjhWybPDZu8oYe4V4vzWArB/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)

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