As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH .
FCTs forecast? Depends mainly on BTCs trend. It could form a formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
FCTs absolute ATH was 0.00869200 --- but effective ATH was at 0.00839600
XMR - red line
BTC/CNY - orange line
timeframe till at least mid-October will be very fine :)
if my chart assumption of an inverse FCT/XMR is right, we will see a good run up;
FCTs inverse reaction is, as observed a bit slow, expecting next days a high to 525-535
next step is a slow decrease to 600 level (likely with some small runups), a bit of sideways and then a quick BTC dump
My FCT Targets are:
3. ??? could outperform to 0.01 - 0.012 :)
was a bad trading chart - stop loss reached
still i am remaining to my previous post that we nearly reach effective ATH - but who knows what FOMOs make ;)