Decred (DCRBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Decred began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, Decred should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Decred solves blockchain governance and rewards you for voting. BitBoy Crypto interviewed Marco Peereboom from Decred two weeks ago.
(Sources: https://www.decred.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will takeout the July 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will drop below the December 2017 low".
If you think Decred is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will stay in a trading range between the December 2017 low and the July 2018 peak until October 19".
(Chart courtesy of Tradingview.com (log scale))
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