Factom (FCT): Double Saucer Pattern

in factom •  7 years ago 

SUMMARY

Trend fractals are at time just as effective in aiding the projection of future price pathways. Factom (FCT) completed a double saucer pattern that propelled it to all time new highs in a vertical fashion. With the correction now having placed the wxyxz waves; could the double saucering repeat?

If the rally occurs now in five waves; the first rise won't enable an all time high scenario; but the second as shown by the blue arrow line could. Therefore, a double saucer or even a combination of a saucer and a downward wedge pattern could propel prices to higher highs. However, given that a coin usually sticks with its favorite pattern, the likelihood for the saucer pattern trumps that of a wedge.

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.

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@haejin, please take a look at GRS/USD its been making big moves. are we on wave 4?

thank you!

But that is just 4 of 1 of 3, where the late 2017 spike made higher order 1 followed by the correction wave 2. We are just getting started and it is a great coin!

hey! i miss you man long time no see

Hey thanks - I am still reading regularly but commenting less frequently. I have been pretty down on steemit due to the ongoing flagging.

  ·  7 years ago Reveal Comment

Gorgeous post dear

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

tengo muchas esperanzas, gracias por tu apoyo

  ·  7 years ago Reveal Comment

Hi Haejin, can we please have an update for APPC (Appcoins)
It is moving up nicely. Do you think this is the completion of the cup or just a short term bounce on the basin?
Thanks again :)

Realiy good Post

Cool. I bought on the long-term potential of the project. Nice to hear the price will go up to!

Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around

  ·  7 years ago (edited)

@greentomorrow did not give you an upvote and has made this exact same comment hundreds of times.

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Great! I’m holding!