All the signals necessary for a bullish wave to form are now visible on the FCTBTC chart... Let's take a quick look at those:
Fanctom (FCTBTC) Chart Signals
First, we have a strong green candle to break out of a falling wedge. This signal only confirms when the daily candle closes.
Trading volume starting to increase (still low but the day is just getting...
Factom (FCTBTC) is looking bullish and is already in an uptrend. It hit a new low on the 18th of August.
Already trading above EMA50, it is easy for FCTBTC to move higher.
All the details are on the chart.
Thanks for reading.
FCT price broke the falling wedge and is moving sideway almost same like in 2018.
As we can see based on chart history, after trend movement there is distribution/accumulation phase of about 90 days.
After that we can expect a strong trend movement which i expect to be an uptrend.
Price can easily go up to 140 000 sats because of thin order book. Also 140 k...
After the powerful breakout last November we got all the way down into accumulation territory.
I am expecting another shoot up to the next fib levels as seen by the arrows.
btw no trading advice - just my opinion
Expecting a major brerakout in a week. Accumulating steadily for some time now. They have released lots of b2b deals lately. Can't wait to see what will happen. (This is not an investment advice, just some thoughts about the trend)
FCT looking ready to pump. It has bottomed out on my Daily fib and looks like its made a nice impulse move up on the 1hr and 4hr, that means I look for signs in that move upward in order to accurately place our 1hr fib. Looks to me that most of the conditions i like have been met, so Im looking to get in on this 1hr fib. My plan is get in at the green (25% line)...
Commodity : FACTOM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
$FCT reached long term descending support line (yellow) which is slightly below green buying area.
$FCT has strong team and community support, low supply and actual an use case.
Green and below - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Factom has a TD 9 Weekly Buy, with a ton of bullish divs on smaller timeframes and at Weekly Support, this should fly. They also have partnerships with the Government, Mortgage Companies and more, more partnerships should trickle out.
See my attached idea from 2 years ago outlining the fundamental reason for Factom being the best buy at the time.
Since then there has been an extra two years of development, significant funding, and most importantly the company has begun on boarding real world customers - - it's not vapourware like every other shit alt.
Technically, the bottom clearly came...
. FACTOM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. There is a possibility of temporary retracement to suggested support zone (0.00160000 to 0.00118000). if so, traders can set orders based on Price...
Hi friends! Welcome to Poop's wave count analysis on $FCT.
If you have missed the November pump, now is your second chance to ride the #FCT Bullish Cycle.
The previous uptrend (wave 1) had a very significant volume and the succeeding price correction (wave 2) had a weak volume which gives us the conclusion that we have a bullish trend. We just completed wave 2...