Crypto Contest March 26: Davinci Coin

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

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.