+ RSI bullish divergnece
+ MACD bullish divergence
+ Volume is climbing up + some recent price movements with volume spikes.
+ Price did break falling wedge long term resistance.
+ Last few weeks altcoins are going crazy, but this one is still consolidating.
GL & HF ;)
$FCT has been consolidating for a few years and ready to begin a new run up.
Factom has a low supply and currently significantly undervalued.
Good time to accumulate and patiently wait for great returns.
Not financial advice.
Trade carefully and good luck.
The 4-day chart above is showing us bullish divergence between price action and the oscillators, specifically with stochastic RSI and the Money Flow index (MFI) crossing to the upside.
The 1st target is an astonishing 500% away until the golden ratio.
10-day USD chart - impressive Dragonfly DOJI
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!