Feathercoin (FTCBTC) has broken out of the wedge pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmUeyRQuD4J2xTABt7eTZGqkT8mr3MqzWV4BRRhNoVXVqR)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, Feathercoin began a wave one [leading diagonal](https://ewminteractive.com/recognize-leading-diagonal-pattern) advance on October 21, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Feathercoin should be heading next towards the January 4 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmUQJLUHBddP8iQ2DiHiRkDRCAfNFXNJDakEDGzk3DKVXn)

(*Chart courtesy of Tradingview.com (log scale)*)

Looking at the weekly chart, I believe Feathercoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 21, 2017.
![nimetön3.png](https://ipfs.busy.org/ipfs/QmZ3c3frgHpzbVjcFSuKbUHHbb8CVZ4sjTV4pQrJ3rAi5y)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

Feathercoin is an upgraded and customised version of Bitcoin. Vivi explains how to get started.

https://youtu.be/37_P4Pv6yIQ

(*Sources: https://feathercoin.com/ and [YouTube](https://youtu.be/37_P4Pv6yIQ)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will takeout the March 21 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will drop below the June 17 low".

If you think Feathercoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will stay in a trading range between the June 17 low and the March 21 peak until July 28".
![nimetön4.png](https://ipfs.busy.org/ipfs/QmYuQ84aDhwn757DHR8RAfHbvtazfVgYGnTq92T6x22Zma)

(*Chart courtesy of Tradingview.com (log scale)*)

You can upvote the comment until 3 PM EST June 25 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

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