FoldingCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, FoldingCoin began a wave one advance on November 24, 2016. The wave one advance finished on January 17 this year, and the wave two correction ended on March 4. The wave three advance finished on June 22, and the wave four correction ended on July 20. If this wave count is correct, FoldingCoin should be heading next towards the June 22 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "FoldingCoin will takeout the June 22 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "FoldingCoin will drop below the March 4 low".
If you think FoldingCoin is in a range, upvote this post and upvote the comment "FoldingCoin will stay in a trading range between the March 4 low and the June 22 peak until August 22".
You can upvote the comment until 3 PM EST July 23 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). Only participants with a Reputation of 35 or more will qualify in the contest.
