SUMMARY
Dentacoin (DCN/USD) had gone parabolic when putting in the impulse waves and as soon as the ABC correction matured, the whole process slowed and DCN became a time pacman! The below chart shows a nice example of the Hurry UP & Wait syndrome of Altcoins where they rush the impulse waves and then become turtle slow into the corrections.
However, a closeup shows that the ABC correction could be complete. The blue lines outline the abcde waves of a sideways triangle and this often occurs after an impulse as shown by the white wave 1. The subwaves of this wave 1 compose a impulse. The subsequent abcde waves are the corrective subwaves of wave 2 and that means should price be able to break out of the blue triangle; price will then race to put in wave 3,4 and 5.
The impulse waves will likely also have to work within the parameters of the overarching rounded price formation as shown below in white. The impulse will likely accelerate as price approaches the vertical side of the right side of the Cup.
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