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...
Bullish divergence, Whale territory high buy volume EMA 200 to be support and cloud bursting soon ! ( as long as BTC keeps under 10450 zone!)
more info on my last analysis of FCT
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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!
FCT 66% Premium Trade!
Here is an amazing risk to reward ratio trade for Factom. As we are approaching the end of the cloud, FCT has bounced on support and failed to break into the cloud which again in a form of a bullish Doji has shown same intentions on 4hr timeframe with good volume!
EMA 200 to become support soon. Our SL has been placed keeping in mind the...
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
FCTBTC has been extremely boring for the past few weeks, bouncing around in a range between 0.00146 and 0.00184 with no decisive action up or down.
No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting...
Expecting a major brerakout in a week. Accumulating steadily for some time now. They have released lots of b2b deals lately. Can't wait to see what will happen. (This is not an investment advice, just some thoughts about the trend)
FCT/BTC looks like a buy now.
We have a 21/55 MA buy cross to happen today/ tomorrow. We are still in 2 parallel channels and will see in which one it will continue. From a fundamental side, there has been an increase in protocol usage which is a good sign as well.
I would buy some upon volume confirmation.