Davinci Coin (Huobi: DACBTC) 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, Davinci Coin began a wave one advance on October 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 20, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 29 this year. If this wave count is correct, Davinci Coin should be heading next towards the November 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Davinci Project was initiated to promote exchanges between Korean and Chinese people through the blockchain technology of Korea. You can view their road map below.
(Sources: Davinci and Road Map)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Davinci Coin will takeout the November 2018 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Davinci Coin will drop below the October 2018 low”.
If you think Davinci Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Davinci Coin will stay in a trading range between the October 2018 low and the November 2018 peak until April 30”.
(Chart courtesy of Tradingview.com (log scale))
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