This correction has been long and painful for many who bought Factom earlier on. The good news it that Factom might be ending it's descent within the next week. As you can see on the chart, the descending wedge is about to reach its point. If all goes according to fib rules, we can expect an impulse wave between .006 and .009 (that's 300-450% returns!)...
Working product. News coming out of another grant from DHS and Gates foundation. Awesome risk to reward! I like this for my Black Friday special! :) Trade safe!
Seems to like explosive cycles. Look at fibonacci retracement for an interesting albeit common correlation. Cycle seems to last a few months, so this is a long term setup, but as you can see, previous spikes have seen over 10x gains. I think we can almost be guaranteed to see 3x and very likely for 5x.
play inside triangle keep when triangle will be broken until price hits x2-x3
Ascending triangle forming with ichimoku clouds still pointing to bullish tendency. FTC held his own during 01 nov BTC bullrun; breakout is imminent.
Early entry - red. Good entry - blue. Perfect entry - orange. Mid term targets are 1500, 3500 and 4500 sats.
I think factom overall is very bullish. there was a delay with something, sorry i didnt get all the details, causing the run to slow down a bit. As long as price is above the white box its bullish imo, inside neutral and below bearish. breaking the resistance line would indicate a very strong bull and breaking the bottom support would bear very bearish.
FCTBTC has quietly consolidated inside a massive triangle for months. With all the bullish action in alts it is has finally broken up. Target is 0.006 and above.