DeepBrainChain (DBC): Bowl within a Bowl
In Altcoins, upward impulse motives are almost always near vertical. It's the Hurry Up & Wait syndrome. DeepBrainChain (DBC) is no different as the below chart shows it's initial rise was a vertical five wave sequence. The correction was very wide in time and price extension going sidways. It was a very lazy ZigZag (5,3,5) pattern. What's next?
There is a bowl within a bowl and these are for that matter, extra bullish. The embedded patterns allow for greater degree of consolidation and to what exctness; I don't know as I have no quantitative data on this compiled, yet for cryptos. The below chart shows the blue rounded formation as a subpattern to the greater white one. As every rounded formation has three parts: left wall, basin and right wall; DBC has already started building the right wall. This has already started an impulse upward and wave 1 is still likely in progress. IF this is the trend reversal; some exciting fireworks are ahead.
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