Feathercoin. Asending Channel, W pattern forming look to retest
It's currently in an asending channel. Looking to fulfull the "W" pattern before going up to retest 0.00003200 and eventually going past that.
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The red "asending channel" lines and the purple line got messed up because I changed the time frame . They should be slightly lower. The idea is still there though.
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So far so Good. It's continuing to rise to fulfill the W pattern and it broke the ascending channel which should now be a good floor support.
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Since the red channel is higher than it should be, the current price 0.00001899 should be hitting the top of the red channel for support. If it drops somewhat lower than 0.00001899 then we can expect it to continue in the red channel. Hopefully it continue's to respect the red channels top and keeps going upwards. Over all feathercoin is on an upward trend :). I hope the best with your trades.
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Target Reached. Looks like we will see a continual rise to make some good profits.