uptrend has formed, moving averages crossing bullish
factom company actually rated at $30 million while factoids market cap is $16 million
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weekly is forming a nice hammer
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here we go :-)
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Looking for consolidation sideways or little correction. Booking partial profits.
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possible pattern for consolidation
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buying back in this dip, seems like good risk reward
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factom going up again, target is still the upper channel line which is at 0.0073 right now.
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market cap of factoids are now ranging $28-30m which is exactly how factom the company was rated in the current series a
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Tim Draper says: “Governments also need better security from hackers, and the Blockchain avails them of better security than they currently have. I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined.”
Been trading this chart, buying on the dips. Good stuff
reattle
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Thank you very much for a fast reply. I will be waiting for break out from a falling wedge.
reattle
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Hi thanks for your trading ideas. What you think could be good entry point for going long. ??? Sorry for my English ?
koryu
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It could have formed a falling wedge as correction from the uptrend. An entry could be a breakout from this structure or wait for oversold conditions. But it always depends on the timeframes of your trades / investments and risk you like to take. Always do your own analysis, and if you like post it =) to improve and to see if others agree.