• Previous bullish channel (18 degree angle) has been broken pushing Factom UP to new resistance of 0.00320121 SATS in a (60 degree angle) rally.
• My EW wave count shows Factom halfway through its current wave cycle. If I'm correct, it is on it's way to the (3rd) point on its current impulse rally (being that middle impulse can not be shortest by EW theory definition) - If the current (very visible) resistance is broken, we will set new targets at:
• Current resistance: 0.00320121 SATS
• Previous resistance: 0.00290110 SATS
• EMA55: 0.00310519 SATS
• RSI: 72.30 - Sideways trend along overbought ceiling
• MACD: Downward Trend
• TARGET #1: 0.00320121 SATS
• TARGET #2: 0.00335001 SATS
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Factom
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
Whitepaper: https://www.factom.com/devs/docs/guide/factom-white-paper-1-0
• My EW wave count shows Factom halfway through its current wave cycle. If I'm correct, it is on it's way to the (3rd) point on its current impulse rally (being that middle impulse can not be shortest by EW theory definition) - If the current (very visible) resistance is broken, we will set new targets at:
• Current resistance: 0.00320121 SATS
• Previous resistance: 0.00290110 SATS
• EMA55: 0.00310519 SATS
• RSI: 72.30 - Sideways trend along overbought ceiling
• MACD: Downward Trend
• TARGET #1: 0.00320121 SATS
• TARGET #2: 0.00335001 SATS
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Factom
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
Whitepaper: https://www.factom.com/devs/docs/guide/factom-white-paper-1-0