Following a meteoric 2,140% profit rise from $0.19 cents recommendation point, Spread Coin (SPR) has taken just as large correction which is still in progress. The blue waves show the near vertical uprise with white wave 5 being a bit extended. The deep correction is NOT because SPR is a dead coin; but rather an abc zigzag retracement is often the result following an extended wave 5. To demonstrate this, I've labeled the micro degree of trend (daily scale) as well as the submicro (subdaily degree of trend) waves. Given the current stage of the correction, the latter end of the subwaves of red wave C is in progress. If price is completing or already has put in the wave 3 of red C; then that leaves wave 4 up and a wave 5 down scenario as upcoming. I believe the bottom is nearby.
Legal Disclaimer: 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.
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