Florincoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Florincoin began a wave one advance on January 2. The wave one finished on April 19, and the wave two correction ended on May 2. The wave three advance finished on May 13, and the wave four correction ended on May 28. If this wave count is correct, Florincoin should be heading next towards the May 13 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Florincoin will takeout the May 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Florincoin will drop below the May 2 low".
If you think Florincoin is in a range, upvote this post and upvote the comment "Florincoin will stay in a trading range between the May 2 low and the May 13 peak until July 2".
You can upvote the comment until 3 PM EST June 3 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.
