$FCT reached long term descending support line (yellow) which is slightly below green buying area.
$FCT has strong team and community support, low supply and actual an use case.
Green and below - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Factom has a TD 9 Weekly Buy, with a ton of bullish divs on smaller timeframes and at Weekly Support, this should fly. They also have partnerships with the Government, Mortgage Companies and more, more partnerships should trickle out.
Let's assume the channel holds and the timing and wave lengths, and percentage gains are equal to the previous impulse waves on the last bull run; we have ~250$ factoids in February 2019 and ~2300$ factoids in May 2019. This chart is just for fun and carries many assumptions, although I believe it to be within the realm of possibility, this is not a prediction.
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.
Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future....
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...
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...
Been seeing a lot of posts lately about this coin so thought I'd put together a quick chart. The upwards trending blue line is unsustainable in my opinion so I think we will break down soon. I expect this line to flatten out quite a bit; remember i use the blue trend lines to indicate trends that will pivot. The orange lines are your resistance/support lines. The...
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...
Trying out my charting for FCT.
I like to chart in FCT-USD pairs as it removes any BTC fluctuations and price action aligns better with fib levels.
please note that this is not a sound prediction just an idea. any trading decisions should be made on your own.
What i would do is set up alerts around the key support resistance areas - shown in green and red boxes...