Not much history to go on in the chart. Respectable and anticipated project in itself.
Bought a few days ago for a long. It could still go sideways for a couple of weeks in this nice tight channel. The second red line is the all time high. If it breaks that then it's unchartered (and uncharted) territory.
Some renewed interest in BCY could help it get over the threshold up to the next resistance point. After that I think momentum will eventually help it get over that. Add to that the fact that the game itself will launch fully in March, apparently, and assuming all goes well with that then transactional value should help it up.
I'm looking to get in on that next...
Factom starting to move to the upside. My ALMA has turned green and price is moving above the moving averages, with the MAs in the right order and pointing upwards. Basically all my triggers right there except the resistance point at 363, so now just looking for an entry.
I'd like to see it moving sideways for the next week, building up some pressure. It could...
Possibly ranging for the next week in between the s/r and trend lines.
Could try and catch it down at the 360k level (1) or if it breaks up then the break of the upper trend line (2). The safest bet would be at the breakout of the 470k (3)
Targets at 470K and 590K.
The problem is those horrendous candle wicks. Low volume, big volatility. I'm afraid of buy orders...