RCoin (RCN) Analysis Shows One More Lower Low is Likely

in rcoin •  7 years ago  (edited)

SUMMARY

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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

It's only meant for use as informative or entertainment purposes.

@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!

HaejinMemes.gif

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

Thanks for giving guidance to the steemit community!

great.how can i get involved.u guys are good

Very good post

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good post thanks

I am not willing here You get 273 (When I am writing) upvotes in this post and earnef $ 238 SBD But $ 230 SBD comes from @RanchoreLax0 I saw you just voting for you. It's like self vote. Without rancho you earned only $ 8 SBD

iT LOOK GREAT, DON´T KNOW THAT

nice ! i upvote this :) upvote and follow ;)

  ·  7 years ago Reveal Comment

Interesting at best

I thank you for your time, efforts and gift to ALL of us who follow you. Im up to date with UPVOTE ON ALL your posts. BLESS

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 231.89 SBD, based on the pending payout at the time the data was extracted.

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This is a thank's post.@haejin sir you are great,the way you are fighting with those piece of shit it proves how strong you are.There is a advice for you those people who comments on your post if you upvote them then those haters will not be able to blame you for upvoting your self.Can you tell us something about steem and SBD.That will be very helpful to us.I always like your way of calculation.I am not scared of them anymore,i am always with you.Thanks for the post.@upvoted