Decentraland (MANABTC) 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, Decentraland began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 16. If this wave count is correct, Decentraland should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here you can take a tour in Decentraland.
(Sources: https://decentraland.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decentraland will takeout the January 9 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decentraland will drop below the January 16 low".
If you think Decentraland is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decentraland will stay in a trading range between the January 16 low and the January 9 peak until March 14".
You can upvote the comment until 3 PM EST February 12 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Decentraland will stay in a trading range between the January 16 low and the January 9 peak until March 14 (30 voters as of 3 PM EST February 12: helikopterben, steemquestions, otisbrown, heroic15397, allyouneedtoknow, abh12345, glennolua, misalen, dlina-v-metrah, flemingfarm, jznsamuel, ahinga, toofasteddie, komischername, starline, coolthings, cassidyandfranks, hms818, mirda, tzap90, criptorafa, cryptotem, diogosantos, harryp3, ragnaros, andy23, akandadelwar, maverick0524, heidelbaer, cata22).
You won.
Decentraland will takeout the January 9 peak (34 voters as of 3 PM EST February 12: bleujay, positivebalances, gregory-f, bentleycapital, fitinfun, me-tarzan, simonjay, eirik, lydon.sipe, ace108, digitalking, crokkon, bxlphabet, reconnectnature, miniature-tiger, mgood, koskl, me-do, carlosdaniel, mister.green, richard78624, mihail.tsvetkov, gduran, paul.atreides, portillo, libert, barbadosso, utkarshvarma, freskil, abhicrypto, beiker, acehnature, elisablogs, margaritaradkova).
Decentraland will takeout the January 9 peak
Decentraland will drop below the January 16 low (6 voters as of 3 PM EST February 12: sqlinsix, kunschj, gunsmithing, sevinwilson, skepticology, nordina).
This is great project.. i know the guy who has bought the red light district.. i am writing exclusive to decentraland music for the strip club..
good post dear
It is going up for now, but needs to present something special to bump to the Jan 9 peak.
This one has a big breakout :) Is it a video game?
it's a decentralised virtual reality where no one is in charge, you can buy land and build whatever you want on the land, users can walk around the virtual reality taking part in activities created by its users.. but in essence yes its a video game ;)
lol - I'm an old lady - can you tell?
not from the picture ;)
Aw! Thank you so much!!!! This compliment makes my day.
Hi @maarino thanks for share. Maybe we can see different scenario. I think it is A wave where you marked 2th wave and continuation wave B and we can see last downtrend to 800-1000 BTC range it's last wave C.
Have a nice day.
We will see..
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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