SUMMARY

Back in July of 2017; ReddCoin (RDD/USD) was in the midst of a sizable, deep and wide correction after having skyrocketed from near zero to $0.0326 in price. The below chart shows also the rounded price formation was well in progress and MACD was also moving within contracting lines.

After further sideways consolidation, price then exploded 4,234%!!

Present Day, how different is this pattern and MACD from the 2017 fractal? Near identical in price and MACD moves.

Forward discernment would show a rounded price formation into July or so another 4,234% rise would equate to $0.107 in price. So, is now the time to be selling or slowly accumulating?

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--