Factom trying to reverse. Lets see if its possible to take a trade.
Technical analysis: . 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. Trading suggestion: . 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...
Took a day longer than expected but we are home.
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...
Possible medium term channel forming with a target at the upper limit around .0075-.009 btc, high risk long at this level, channel needs one more test to confirm
Chart is self explanatory. My last 2 trades was closed with little losses, So if this one works we are good.
If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042
Bullish belt hold kicked off the rally and long legged doji marks consolidation on the weekly. If the pattern stays mirrored expect another bullish belt hold after break out of the consolidation zone and then some successive high waves in a consolidation zone after mark up.
Chart is self explanatory. H&S and butterfly on MACD
As charted, FCT could perform bearish Cypher. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
$FCT is getting closer towards the end of the falling wedge. Potential 7X all the way towards 200EMA if it drops, hits support line and bounce from there. It would be fun to watch.
It appears we are finishing up 5 waves up ending in 5th wave diagonal. MACD Is bearishly diverging RSI is showing a large loss of strength, signaling we have reached the current top. Volume is diminishing. Entered short at .00755, Targeting .382 fib retracement