SUMMARY
From a pattern perspective, Factom (FCT) has completed two rounds of rounding price formation which is bullish. Given how extended wave 5 is, the correction's depth of retracement is not a surprise. However, the time extension seems a bit minimal; so even if price breaks out of the blue wedge pattern, further sideways action could be required.
The subwaves thus far show a double three blue WXY and yes, this has a good likelihood of extending. The last red c wave of blue Y still has wave 3,4 and 5 to place. I believe near wave 5 and later if it further extends, could be attractive entry ladder cast opportunities.
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