Feathercoin (FTCBTC) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Feathercoin began a wave one leading diagonal advance on October 21, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Feathercoin should be heading next towards the January 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Feathercoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 21, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://feathercoin.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will takeout the March 21 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will drop below the June 17 low".
If you think Feathercoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will stay in a trading range between the June 17 low and the March 21 peak until July 28".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST June 25 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).
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