SUMMARY
Each coin has its own unique trait, call it a personality. The more you analyze the coin, the more you see the features. In the case for Factom (FCT), it almost has a fetish for rounded price formations. The chart below shows the example. Three consecutive rounds of using the rounded bottom as a consolidation phase before going higher.
So, what's at least a little different this time around? I would say the MACD. Look how better defined it is within its contracting blue lines. Is this the time to be taking selling or buying actions? The impulse waves (blue) show that the right wall is being built and that means higher highs.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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