RCoin (RCN) Analysis Shows One More Lower Low is Likely
SUMMARY
Note: RIPIO anaysis request is in the que. Please be patient, thanks!
Rcoin (RCN/USD) basically started its genesis in a corrective form. The down wave was a clear five subwave move for red A and red B carved out a triangle pattern. It seems that wave C is not yet complete. IF the correction was already complete from where red A is; then for an Altcoin, it's too quick. IF this is an ABC correction, the fact that it's doing a seeming rounded bottom formation shows that time is being consumed. Altcoin corrections are farely quick and almost never V-neck type.
Here is an alternate count and much of it will be determined by how price action behaves in the next few days. IF the symmetrical triangle lower line holds up the price and price traverses as shown by the blue arrow line, then the whole correction can be labeled as a WXY complex with the Y being a triangle pattern. Let's see how this plays out the next few days.
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Interesting
@Haejin You do not provide any entertainment. I brought you some.
Good post . It's help my work . Thanks @haejin
Great job, I upvoted all your recent posts in appreciation for your hard work (my vote is only worth like .06 SBD, but w.e)
You said in a recent video that cryptos prefer some patterns over others. I would love to hear you expand on this on what patterns you frequently see validated and what are more likely to be violated.
I like to trade harmonic patterns a lot myself.
Thanks again for all your hard work! Keep it up!
@icee
you're making steemit a great community with your content ! keep it up!
Why do you guys have such a big problem with this guy because he found something that works or what I want to know please tell me cuz I do not know what your problem with him miz
https://chainbb.com/steemit-abuse/@steemit-abuse/steemit-abuse-rewards-342018
Thanks for giving guidance to the steemit community!
Uhhhhhhhhhh @haejin, I don't think you mean RCoin (RCN) but Ripio Credit Network (RCN)
great.how can i get involved.u guys are good
Very good post
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good post thanks