After breaking out of its C-wave wedge, ReddCoin has repeatedly failed to get off the ground, most recently being pushed down at the .618 retracement. After touching down yet again, and volume down to nearly nothing (are there even any more coins left to buy, lol?) this looks like a good sign to me. This is a tough one to read, as the McAfee tweet (remember when those had an effect?) may have sent this one to a 5th peak early. It has been holding well at the prior wave 4 bottom, and current wave counts indicate that bottom is near. If it doesn't hold around above current support then the 1/7 peak is the accurate wave count, and we may hit a bottom around 47, regardless, what an opportunity!
Definitely welcoming thoughts on this one!
Healthy trading and profitable investments,
The Freedom to Be
Legal Disclaimer: The information provided herein is for informational, or entertainment purposes only. I am not providing 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, and only invest what you are willing to lose.
If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB