On February 22nd, both, the 200 DMA and the 50 DMA crossed each other, allowing REP to be supported solidly by the 200 Day Moving Average and becoming the first symptom of Market Reversal for this altcoin.
Actually, REP has been rebounding between two trendlines which have defined a Symmetrical Triangle, the breakage of which is expected to occur in very short term.
If the breakage of the this triangle finally confirms the move upwards, the Elliot Wave Count which would fit more would be the following:
Target for a classical 3rd wave, according to the 1.618 FIBO level taking as a reference
