SUMMARY
There is a bit going on in the PetroDollar (XPD) chart. First is the fractal between the white and the blue outlined triangle. As the price gets closer to the blue triangle apex and as long as the lower support line holds, a breakout of certain degree is expected. Second, the correction is of a complex type.
Detailed Elliott Wave labeling shows a broader WXY (white) where the Y is a combination triangle with abcde subwaves. The white W contains wxyxz (blue) where each subdivides into an abc three. As complex as the labeling might seem, the gist shows that price is moving sideways and XPD is a time pacman for the time being. Still, as price gets closer to the blue wave apex, let's see how the potential breakout might play out.
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Elliott Wave Counting Tutorial #1
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Just a heads up this is a coin created mainly to take advantage of Venezuela releasing a petro dollar. There is very little tech behind this coin. I’d definitely not recommend holding this coin for long.
Good...posting.
Warning for crypto !! If you are going to invest now, be sure to read it before you did it.
https://steemit.com/bitcoin/@goyapro/bitcoin-btc-update-ema-dead-cross-a-red-alert-for-bitcoin
creo que el PetroDollar (XPD) lo habían dejado de usar hace mucho las organizaciones como fuente de pago....no?
😀 Good posting..
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