bradmyers82

Raiden Ready to begin Elliot 5 wave?

BINANCE:RDNBTC   Raiden Network Token / Bitcoin
New to charting please take with a grain of salt...

Looks to me that Raiden is about to complete a 5 wave correction pattern by bouncing off the bottom retraction point in the coming day.

I see it as an opportunity for a new elliot 5 wave.

by my estimate over the course of 10 days it will go up at least 90%

On the 4 hour chart The MacD looks like it is ready to turn bullish and I'm guessing the RSI will be around 30 after this final dip coming up (showing its oversold).

This is in line with previous trends for Raiden, which is an underrated coin in my opinion, especially considering the increased interest in etherum these past weeks.

One could play it safe and test the trajectory once it bounces off the bottom retraction point I have illustrated.

Comments and critiques welcome. Thanks!
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