FoldingCoin has broken out of the four-hour triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe FoldingCoin has completed waves one and two in the daily chart. The wave one started on the June 28, and finished on the September 8. The wave two correction ended on the November 24. If this wave count is correct, FoldingCoin should be heading next towards the September 8 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, FoldingCoin is currently most likely in the wave three. The wave one started in the December 2015, and finished in the March 2016. The wave two correction ended on the June 28.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long FoldingCoin.
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