OK, I am confident (75%) that wave 2 is complete at around 1750 sats - so referring back to previous analysis Wave 3 has extended to 2.271 FIB level, in this case 5500 satoshis. It is a big call. Fundamentally: 1. The market reacted negatively to the postponement of the coin burn, BUT it is still happening 2. A number of events scheduled for October which could...
Taking a look back at previous Elliot Wave pattern of EMC2: 1. Wave 3 Extended to 2.272 Fib Extension Perfectly 2 Wave 5 Extended to 2.272 Fib Extension Perfectly So If this latest impulse is a Wave 1 (not yet complete) it could give some excellent price targets based on historical price action. I am very much new to this TA game so any feedback, constructive...
After snapping a 2 month down trend DCR seems to be grinding beautifully in the 0.0065 - 0.0085 Range - and I'll be accumulating between these prices. TP1 - 0.0112 TP2 - 0.0151 TP3 - 0.0178 Fundamentally there is some really good news coming from DCR and I'll be looking at an ATH for the next move up. Just my evaluation, DYOR and not investment advice.
Not to be taken TOO seriously but anything could happen :)