Dentacoin (DCN) Pattern & Elliott Waves Project A Time Extended Correction
SUMMARY
Dentacoin (DCN) chart shows a part of a correction that almost goes flat and near horizontal price travel. This is common in Altcoins and is also an attribute of how they slow down the correction to a snail's pace. This type of price basing was a common sight ahead of the December 2018 impulse rises across the Cryptosphere. That basing is repeating this time again because it's the only way Altcoins that are immature in liqudity know how to correct. This is also the reason why there is a degree of commonality in patterns. The below chart shows a bowl pattern and this correction could last into mid May.
How could such a corrective price basing be labeled by Elliott Waves? It becomes a sea of complex combinations and abc subwaves. This is because price basing is effectively a sideways movement that can travel for months. The below chart shows a snapshot of a wxyxz as subwaves of higher degree wxyxz which are subwaves to an ABC overall. Even this type of correction has an end and that is often marked by the midpoint. I believe that midpoint is around now. At arund 2/3 completion of the second half of the basing, price is expected to start impulsing and these will be very rapid as per the Hurry Up & Wait syndrome.
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If you look at Altcoin prices recently, is not this all a hope for everyone?
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I am agreed with you sir. I have a little investment in denta coin and hope it will performs better thank you
Totally agree. There are weekly buyers at 0.04 Btc. If price can bounce off that level, 1st target becomes 0.17 Btc. However, we a a little bit of resistance at 0.10 Btc to overcome first.
You are talking about a different coin.
Haejin post is about DCN dentacoin.
Your chart is DNT district0x.
"Totally agree" :D
So many stupid fucks here!!!
My bad...lol
ok
Good
Yes. Ok
Excellent post.please upvote me please.
Lets get the day started!!!
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