SUMMARY
Cofound.it (CFI) is doing a triplicate and likely, the first two are complete. The rounded price pattern is quite common in both equities and Cryptos and is a slow, time consuming consolidation process. Price has thus far tagged a lower low and its been labeled as ABC given the three wavish feature.
Evem with the lower low, price is likely to pattern out a third rounded price pattern as shown in the below chart. Into this pattern, the ABC fits in well and now it's a matter of determining the width or time extension potential which would impact the basin phase. The late May to early June time frame could coincide with the right wall build of the rounded price pattern. July time frame could be the handle formation of the Cup & Handle pattern. This could also deliver a 50% retracement, potentially.
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