Factom (FCT): Extended 5th Wave has Consequences

SUMMARY

Factom (FCT/USD) has gone more sideways after an initial abc deep decline. The prior wave 5 was quite extended and so the likely depth of correction is likely to equal the prior wave 2 bottom. Price is not too far from there.

The subwaves place best within the wxyxz (white) complex pattern. The white impulse waves of red (c) is about to complete 3 leaving 4 and 5 on deck.

Sentiment is quite uniform between Altcoins as expressed by the MACD and price patterns and Waves. I believe the month of April could represent a trend turning month.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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