two parallel channels, pretty self-explanatory.
Factom team said they are planning much more aggressive (cryptocurrency ecosystem) marketing approach during 2018 + many NDA contracts have been signed and are due to be announced. it would make sense for the price to test upper range of the blue channel.
Less scenario would be testing the lower range of the red channel, which is also possible if Factom stays quiet in this hype-driven market, like it wass since summer 2017.
This is pure speculation, not a trading/investment advice.