All the signals necessary for a bullish wave to form are now visible on the FCTBTC chart... Let's take a quick look at those:
Fanctom (FCTBTC) Chart Signals
First, we have a strong green candle to break out of a falling wedge. This signal only confirms when the daily candle closes.
Trading volume starting to increase (still low but the day is just getting...
FCT BTC has formed a big old cup and handle right off an all time low, and looks ready to pop, i expect it to go very bullish in the short term as it breaks above the ichimoku cloud and trend lines.
Traditionally you are looking at 4x or more from this point if you look back through the long term charts.
Due to the overall alt market being bullish and this...
Factom (FCTBTC) is looking bullish and is already in an uptrend. It hit a new low on the 18th of August.
Already trading above EMA50, it is easy for FCTBTC to move higher.
All the details are on the chart.
Thanks for reading.
FCT price broke the falling wedge and is moving sideway almost same like in 2018.
As we can see based on chart history, after trend movement there is distribution/accumulation phase of about 90 days.
After that we can expect a strong trend movement which i expect to be an uptrend.
Price can easily go up to 140 000 sats because of thin order book. Also 140 k...
Looking at the channel and time periods (every ~11 months) of bull cycles it appears that Factom could be ready to go on a 3-4 week bull run. If it stays true to the channel the top would be around .0023. This would be 6x it’s current price. Weekly Stoch is pointing up and RSI appears to have bottomed. Let’s see what happens!
Bigger Picture of FCT/BTC.
Grants are paid out around this time and people are waiting for news to drop during the month of June. If it is really good news - Govt. actually utilizing Factom on grand scale- we might even go parabolic.
If its bad news Factom might move near All-Time-Lows around 60-70k Sats.
For documentation purposes.
After the powerful breakout last November we got all the way down into accumulation territory.
I am expecting another shoot up to the next fib levels as seen by the arrows.
btw no trading advice - just my opinion