I'm expecting this to correct for the next month or so, I'm also expecting this to correct in the form of a . I will only activate the trade if it remains in our zone on the Daily over that time. But I'm expecting this correction to take us near the 1 cent mark once again. The is diverging bearishly, and it is likely to finish correcting when the is on the way back up. But I do not expect this correction to be all that quick.
I will activate when I enter.
Alright guys, you know when I start doing crazy things like this it never usually works out LOL. But notice the similarities between these two drops so far. I'm going to assume the same and target that 8 cent mark for my entry level. I've noticed that each wave is about 2.5-3 times longer than the previous correction I'm basing this off of. So I think we may be getting our next wave up toward 6.6 cents in maybe 11 days or so! GO REDDCOIN GO
Possible path for Reddcoin. Still more correcting to do, but I think we're a bit too oversold here not to see a nice bounce in the next few days.