Databits (Bittrex: DTBBTC) 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, Databits began a wave one advance on October 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 23, and the red wave two (blue sub-waves a-b-c) correction ended on November 13. If this wave count is correct, Databits should be heading next towards the October 23 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Databits are an integral part of the Augmentors gaming ecosystem. The Shitcoin Sherpa published a guide to the game earlier this year.
(Sources: https://www.augmentorsgame.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will takeout the October 23 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will drop below the October 7 low".
If you think Databits is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will stay in a trading range between the October 7 low and the October 23 peak until December 23".
(Chart courtesy of Tradingview.com (log scale))
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