It seems overall we have had a reversal upwards. Price bottomed and strong volume indicated a reversal. Price bounced off 61.8% fibonacci retracement level and is now retracing upwards. A good buy opportunity here, if this plays out. UNLESS, The highest point recently is anther reversal or pivot point, the volume was huge and price had continued its downward...
Factom's bearish trend may continue for few more days but not for very long. Good buy zone is at 0.0054/56 BTC.
Looking to enter a position into Factom once the price drops down to major support. The last 3 pumps have used this line to bounce off of, which lines up well with the 0.786 Fib level on each of the spikes. I will enter my first position once the price drops down to that support level (Entry Point B). The second entry will be once the price then crosses Entry...
Rads is the embodiment of a "sleeping giant". It mainly competes with factom and civic, but has a market cap 10x less (just 15 million). It has a low supply and a low inflation rate. Many of you have not heard of Rads... this is a good thing. Technically, it is sitting on VPVR support (a major demand zone), and it has seen significant downside. Sellers should...
Hello, Today I will analyze the Honesty record keeping coin named Factom (FCT). Similarly to most altcoins, FCT/BTC took an important (but waited and quite due) correction after going from 220k in March to its all time high at 1465k in May (6.6x growth). Today FCT/BTC trades around 600k which represents 60% in retracement. But with BTC coming back on its feet...
FCT coming up against the strong downtrend that started from its all time high. It has failed to break through on 3 occasions within the past few days and is gearing up for the 4th attempt. Sine wave indicates the natural movement will be up and through the downtrend. FCT established some bottom support on the black line trending upwards
Factom like alot of altcoins lately is one of those tokens that has a great dev team, great potential and great product but has been slowly going down in price due to a lack of news. In the chart you can see a descending triangle forming, while generally bearish, in my opinion based on fundamentals wont last long. Ive been accumulating in the 600-620k range and if...
Technical Analysis FCT has finally completed it's first 2 Weekly waves and is now preparing for the master grand Daddy wave. I wouldn't buy as of yet, but I would be monitoring FCT once it shows it's bullish momentum again, because once it DOES and buyers begin to step back in again we can get a potentially HUGE move with FCT over the course of 1-3 months. Happy...
See me first Factom chart. There have been two things that have changed since the moon was breached. 1. Alts suffered signficant pullbacks (factom down nearly 70%) 2. Factom fundamentals are stronger (and continue to each day). Still the one of the best companies in crypto. Still one of the best bull charts. A whiplash up is coming for another look at ATH.
Quite a large head and shoulders formation on FCTBTC. Might suggest that, whilst FCT might retain its $ value, BTC will accelerate and regain dominance. Quite a large bullish triangle setting up on BTCUSD too.
After a bearish divergence, i think its the perfect time to pick up some more FCT. Its slowly turning bullish and i expect a big move this week. Good luck!
62/38 EMA crossed. Looking at uptrend on 1HR chart. Entry @ 91 and 95. Looking for a test of 100 and and push above SMA200. Target .0128-.0133.
For the time being following previous FCT patterns, and following the previous growing half of FCT patterns i deducted the way it could reacted in it's descending phase (i believe it is in a descending phase). Just follow the red pattern to give you an idea of what to expect more or less