Factom has had solid fundamentals for quite some time, but has been constrained by its technical structure.
When the 1D closes outside of the trendline, .0043ish should serve as an excellent RR entry, assuming it will retest the trendline before taking off.
I'm expecting at least 2x potential. As we have seen in the past, when factom moves, it moves quickly.
When the 1D closes outside of the trendline, .0043ish should serve as an excellent RR entry, assuming it will retest the trendline before taking off.
I'm expecting at least 2x potential. As we have seen in the past, when factom moves, it moves quickly.
Comment:
This is likely a good entry
This is likely a good entry
Comment:
Looks like bull flag. This area has proven to be an area of demand. I'm adding here.
Looks like bull flag. This area has proven to be an area of demand. I'm adding here.
Comment:
Looking for a clean break above this line to confirm double bottom. This would lead to a strong weekly candle close and more upside for Factom.
Comment:
Pennant structure emerging, Intermediate take profit point indicated in above chart.
I expect Factom to move to .0075 within the next few days.
Pennant structure emerging, Intermediate take profit point indicated in above chart.
I expect Factom to move to .0075 within the next few days.
This is likely a good entry for anyone that wants to get in.