PeerPlays (PPY) Could be Approaching the Right Wall of a Cup Formation

in #perplays6 years ago

SUMMARY

PeerPlays (PPY/BTC) price action since July, 2017 to current has been curvaceous. Both on the convex and concave perspective, the pattern is quite uncanny to be the rounding formation. This pattern as the left wall, the basin and the right wall phase. I believe the first two are complete and the latter should onset soon. The blue WXYXZ seem not complete but the count could also be made with an ABC or a WXY where the current blue Y position could be the C. The right wall climb is expected to be the next steps.

It's always the longer term, higher degree of trend that counts more heavy towards direction and trend. However, the subwaves provide local geo positioning of waves so as to get orientation to the projection. I don't mean to do a play on words, but it's the best explanation I can provide. The WXYXZ requires an abc subwave for blue Z which looks near complete. Could there be a lower low? Yes, and that woudl complete the triple coomplex.

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.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS4.037$-16.23%-33.8%
PPYPeerplays3.713$-6.11%-20.93%
QAUQuantum0.133$-3.96%-20.0%
WAVESWaves3.964$-15.65%-30.94%

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