Cofound.it (CFIUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Cofound.it began a wave one advance on July 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 28, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Cofound.it should be heading next towards the August 28 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Zooming in the one-hour chart, I believe Cofound.it is currently in the blue sub-wave iii.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Cofound.it will takeout the August 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Cofound.it will drop below the July 11 low".
If you think Cofound.it is in a range, upvote this post and upvote the comment "Cofound.it will stay in a trading range between the July 11 low and the August 28 peak until October 24".
You can upvote the comment until 3 PM EST September 24 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).
