Factom (FCTUSD) 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, Factom began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Factom should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
In the weekly chart, Factom is most likely in the red wave five (blue sub-wave iii). The red wave five began on November 2, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Factom is currently in the red wave three (blue sub-wave v). The blue sub-wave five began on November 2, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://www.factom.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Factom will takeout the January 7 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Factom will drop below the November 2, 2017 low".
If you think Factom is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Factom will stay in a trading range between the November 2, 2017 low and the January 7 peak until March 27".
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