Under the BTC drama storm, FCT took a good beating in direction of the new consolidation level. YuanBao FCT/CNY, and margin trading opportunity accelerated the whole sheme.
Meanwhile Factom's Team made significant real-life progress in the past 2 week (but FCTBTC down 25%) and is currently gathering a very bullish potential for the following...
Factom is in the critical zone where decision of the trend might be shown.
On the Ichimoku Analysis, we are getting closer and closer to the cloud, which if pierced could send us right back with btc gain level.
Factom could also slow down bellow the cloud and move back to 500k area.
As for short term candle pattern, We are currently bulding the inversed H&S...
Kijun-sen ,Tenkan-sen both crossed and moved straight.
Cloud is getting thinner and XMR could test that 280 area real soon. If it can't fight its support, XMR might be going deeper in the 260ish area.
We are also below the chikouspan which add to the bearish sentiment.
I believe XMR is looking for consolidation next.
Here is my thought on DCR signals;
chikouspan is bellow. Which is not a bullish signal - are we going side-way for 2-3days?
Kijun-sen crossing Tenkan-sen with weak bullish signal - it's decision time. If it cross with volume it could help confirm the uptrend. It can go side way from here just to meet the chikouspan.
Red cloud is deep ahead, but it...
Factom is again displaying some bullish signal on the long term.
i'll try and go around the signal provided by a Ichimoky analysis.
1- KS crossing TS with volume is a bullish signal
2- chikouspan is very much equal, it can go both way from here. Confirmation is due
3- In case of a breakout, 710k+ will broke the first resistance. The cloud...
FCTBTC still giving very strong bullish signal, and it could be a good entry for long around the 590-605 area.
I consider this trade more risky, but probably also more rewarding.
We can see that FCTBTC touched the Fibonacci BBands (purple line) a few times already and always resumed with a selloff.
But notice that this time, FCTBTC broke...
Here an idea I feel comfortable enough to share!
FCTBTC is on the act of a prolonged bullish activity for the last few days and offer a interesting RIsk/Reward trade opportunity.
The surge of BTCUSD and the FOMO surrounding BCH have been the major factor in the recent drop and could also play a part in this bullish run.
This idea will look into the...