SUMMARY
DecentBet (DBET/BTC) is traversing sideways through its correction; very typical of any Altcoin. The Cup & Handle represents a strong support base for starting a new uptrend; however, the corrections often put the brakes on any vertical moves. The WXYXZ is combined with a beginning and an ending triangles; a bit unusual. However, Cryptos have shown much in personality traits that are not as visible in equities. It still remains the purest reflection of sentiment. IF the triangle for Z wave breaks out above the upper line, an initial impulse would be likely as shown.
Legal Disclaimer: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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