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 May 27. The wave one finished on May 30, and the wave two correction ended on June 1. The wave three advance finished on June 4, and the wave four correction ended on June 12. If this wave count is correct, FoldingCoin should be heading next towards the June 4 peak in the wave five.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe FoldingCoin is currently in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "FoldingCoin will takeout the June 4 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "FoldingCoin will drop below the June 1 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 June 1 low and the June 4 peak until July 15".
You can upvote the comment until 3 PM EST June 16 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.