Harmony For Longers :)Factom is a solid company with talented people. Always coming up with new ideas.
Now it's time to long their currency.
Fundamental
About a month ago Factom released a new product, Harmony.
Watch this video and you will see why I am bullish:
www.youtube.com
Especially the part inbetween 7.00-7-20.
"We have three very very large financial institutions that we are in contract negotiations with.."
This could be big, and make my sell area hit very easily.
Technical
On the longer timeframe I am looking at a channel. And I want to sell at the top of it.
It has broken out of a triangle with good volume and we have lots of support areas below the current price.
On a shorter time frame:
I see 3 support lines and I will sell off/stop loss some of my position for every line that is broken.
Weak Line: Sell off 20% if this line gets broken
Strong Line: Sell 30% if this line gets broken.
Even Stronger Line: Get out completely from the trade.
Buy (0.0055)
Sell (0.012)
Stop Loss (See Above)
FLong





