Gan Fann, when combined with Fib time lines help us estimate the likely time and price points breakouts can occur.
The tricky part with applying fanns however is they get messy quickly.
Four fans are displayed in this example.
What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st.
One way this could play out is we see a ramp up on 4/18, followed by another ramp up on 4/21.
There's also a another fib time line, when measured from a different point that correlates with a possible peak in price on or around May 3rd.
Let's see how this plays out.
The tricky part with applying fanns however is they get messy quickly.
Four fans are displayed in this example.
What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st.
One way this could play out is we see a ramp up on 4/18, followed by another ramp up on 4/21.
There's also a another fib time line, when measured from a different point that correlates with a possible peak in price on or around May 3rd.
Let's see how this plays out.
I'm thinking we see a breakout between 4/21 and 4/23 but 4/20 is also a possibility.
If it doesn't happen, the next likely date is May 9