Decred (DCR) is Getting Ready to Resume the Original Trend...Up!

in #decred6 years ago

SUMMARY

Decred (DCR/BTC) has been plotting a corrective course as shown by the blue WXYXZ waves. Pattern also formed a descending wedge (blue) from which a breakout resulted in a minor correction of yet another, but smaller, descending wedge (white). The key move to await is the resumption of the original up trend.

Finer Elliott Waves confirm the WXYXZ blue being complete as the abc three waves fall into place so well. The breakout was in five waves as indicated by the white 1,2,3,4,5. The smaller wedge correction is so close to the apex and the abc is seems so complete....what could be next? A breakout! Let's see if that occurs today.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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