Factom has broken out of the triangle pattern in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Factom began a wave one advance on March 31. The wave one finished on April 6, and the wave two correction ended later on the same day. The wave three advance finished on April 18, and the wave four correction ended on April 21. If this wave count is correct, Factom should be heading next towards the April 18 peak in the wave five.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Factom from here:
@maarnio/crypto-contest-december-14-factom
If you think this analysis is correct, upvote this post and upvote the comment "Factom will takeout the April 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Factom will drop below the April 6 low".
If you think Factom is in a range, upvote this post and upvote the comment "Factom will stay in a trading range between the April 6 low and the April 18 peak until May 20".
You can upvote the comment until 3 PM EST April 25 and you can upvote only one comment. 200% of Steem 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.