There are several key things to note from the chart of FCT/BTC: - Recently in a downtrend and moving in a descending channel. It has tested the bottom of the channel at least twice already and now the price is lingering around the top of the channel. We can wait for breakout of this channel upwards to place the buys at the ideal conditions. - The MACD shows...
Saved but not published analysis from november 2017. Since it turned to be on spot so far, decided to publish it just keep track on the price development. 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...
I've been watching this coin for quite some time, consolidation after the fast rise right after absolute dip was a play book symmetrical triangle right until bitcoin crash. Yet, it retraced back to the 50% fibo at the worst point of the FUD and bounced back up perfectly. Now, there is an inverse head shoulders right inside the triangle. Accompanied with nicely...
Factom seems to start reversing to the upside against the Bitcoin as price clearly broke above the previous high at btc 0.0033 resistance. FCT/BTC went up to btc 0.0057, but then corrected back to btc 0.0024 which is actually the crossing price of the two 8/1 Gann Fan trendlines. Prior to that Factom tested the 200 Moving Average, which has been rejected on the...
break out should happen soon. Bull flag on the 1 day view, been consolidating for days now.
Let's see if I'm right on this call for the upcoming days...
I will be taking a nice long position with FCT for the following reasons: 1-Day: 1. MACD pending a large bullish twist 2. Clear uptrend in OBV (Ready for a sustainable move) 3. Upward trend in Stoch with proper alignment of moving averages 4. BOTTOMED OUT BBANDS! That squeeze is about to pop. Using other indicators to determine direction. 5. Reasonably...
Here is the chart I mentioned in the previous post. You can see the support resistance lines but the uptrend is obviously not the same unsustainable trend as in the FCT USD chart do to the bounce back in BTC value.
Factom is clearly trending upwards although currently, it has entered the stage of a short to medium term consolidation. Since 1st of January, FCT/BTC continue to range between btc 0.005 and 0.0035. At the same time price broke above the downtrend trendline and for the second time it returned to the point of breakout, that is btc 0.004. Today Factom rejected the...
Its seems like FCT is forming nice ascending triangle and is about to breakout. Look for close above the triangle with high volume 1st Target Price will be 507544
Nice little ascending triangle playing out on the hourly for FCT/BTC. Could have some nice gains on this trade.
This is a low volume coin being accumulated. You may want to start buying some on spot (dont margin, too risky). Should see a very nice pump. Working product, in use at organisations today. New explorer released.
Today I bought a bit of Factom. This buy was on the conservative speculation of another long term breakout happening within the next 3 months. I am usually close or right on target with lots of my predictions with almost an 88% profitability rating. I hope that Factom is no exception. However, given the downward trends as well as technical potential, I would...
Factom has been the victim of John Mcafee's coin of the day/week pump and dump circus. Coins with a low market cap that can be easily manipulated seem to be the primary targets of the Mcafee's coin of the week. Algorithms that constantly scrape his twitter feed are much quicker than any person could react. Getting involved with this coin as a result of these...
FCTBTC Actually we look closely to find any extra signs refers to uptrend move but we couldn't as shown in chart FCT was moving in a parallel channel since Abril 2016, then break it down in October 2017. it was moving with low to normal volume but before breaking, it's jumped up from the lower border of the channel with high volume in mid of August, the jump made...
Factom is trying to leave the green channel a second time. This time the chanes seem to be better, since we have a less stretched RSI and the price development might have a lot more power since it originates directly out of a corrective pattern. If FCTUSD succeeds and tests the upper border of the red channel, this would mean a tenfold increase until spring.
A bullish sign for Factom. Waiting for a small dip to the line to buy. Hope everyone is having a great holiday. Trade with care.