FirmaChain (Bithumb: FCTKRW) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, FCT began a wave one advance on November 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 30, and the red wave two (blue sub-waves a-b-c) correction ended on December 5. If this wave count is correct, FCT should be heading next towards the November 30 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FirmaChain is a blockchain based e-document platform. They will launch the test-net in five days.
(Sources: https://firmachain.org/#/)
How Will FirmaChain Trade?
FirmaChain (Bithumb: FCTKRW) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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