SUMMARY
Complex corrections best fit the Altcoin requirement of an extended, long, churning and sideways moving price action. Of the horizontal move is the last but also the longest component of an Altcoin correction. The chart for MonaCoin (MONA) shows that the second fractal (white) is a much larger cousen of the smaller blue one. The white Z wave of the second fractal is proportionately projected for the last days of April.
Subwave closeup shows the correlation in sideways price movement proportion to the smaller fractal and time extension. The basin phase is still in progress. Once complete, a reversal is likely as shown by the white arrow pathway.
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