Factom is again displaying some bullish signal on the long term. i'll try and go around the signal provided by a Ichimoky analysis.
1- KS crossing TS with volume is a bullish signal 2- chikouspan is very much equal, it can go both way from here. Confirmation is due 3- In case of a breakout, 710k+ will broke the first resistance. The cloud looks heavy and who know what can happens in those hazardous cloud. Don't forget to set your tp.
4- Don't forget that BTC is always creeping nearby and could unleash a pump and destabilize alt(Btc ratio) in the process.
Here is a view of a short term analysis
1- The straight blue line is straight, which indicate consolidation
2- The ichimoku score is still all the top at 7+!! extremely bullish. This show the strength of the current ichomoku signal.
3- We are very far from the cloud at this point, which can confirm the uptrend.
We have here strong short term signal of the bull strength, while FCT is still only breaking the trend(with momentum) on the longer term, like the 1D chart indicates better.
Here is a view of a short term analysis
1- The straight blue line is straight, which indicate consolidation
2- The ichimoku score is still all the top at 7+!! extremely bullish. This show the strength of the current ichomoku signal.
3- We are very far from the cloud at this point, which can confirm the uptrend.
We have here strong short term signal of the bull strength, while FCT is still only breaking the trend(with momentum) on the longer term, like the 1D chart indicates better.
Good luck!