SUMMARY
TIME is showing a further development in the overal triangle pattern, abcde that had been presented before. There is a reason why Altcoins much prefer triangle consolidations and corrections. It primarily has to do with the five waves, each composed of abc subwaves and so generating 3,3,3,3,3 sequence. This sequence of abc repeats allows time extension of the correction; though often it's not enough. For that reason, this triangle can and has in other altcoins, morph into a comlex sideways. However, the c wave currenly seem complete and d has initiated. Once e is complete, there is expected to be a breakout but be cautious as the breakout can be an X of a continuing WXYXZ type.
The alternate count is shown as a flat ABC with 3,3,5 subwaves. The final C has started and the outlined subwaves provid an initial prospective pathway to a correction bottom. Let's see how the price travels within the next 10 days.
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