Decentraland (HitBTC: MANAUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, MANA began a wave one advance in September 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November this year. If this wave count is correct, MANA should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Decentraland is a virtual world owned by its users. You can watch DCL Blogger's December analysis below.
(Sources: https://decentraland.org/)How Will Decentraland Trade?
Decentraland (HitBTC: MANAUSDT) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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