Possible final bearish move before breakout of structure to LONG
It seems that Factom (FCT/BTC) price action will continue to move bearish until initial support area or major trendline channel, where we may see a reversal/swing LONG to bullish price action/trend. It seems to me that we most likely will get a pin on the Blueberry which would be a good entry signal to go LONG and/or a breakout of structure trendline channel as shown on the chart.
In my opinion, TDI shows the start of a Sharkfin however blood is still not in the water. If Sharkfin and Blood in the water provides confirmation, whilst a pin on the Blueberry EMA (800 EMA), it should be a great Entry confirmation to go LONG.
In my opinion this cryptocurrency should perform very well, long term, so patience is essential.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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In my opinion, TDI shows the start of a Sharkfin however blood is still not in the water. If Sharkfin and Blood in the water provides confirmation, whilst a pin on the Blueberry EMA (800 EMA), it should be a great Entry confirmation to go LONG.
In my opinion this cryptocurrency should perform very well, long term, so patience is essential.
Suggestion: If you are purchasing this type of cryptocurrency, don't forget to back up your wallet and keep your passphrase in a safe place. I recommend 'coinomi' for wallets as it is open source and safe.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Comment:
Another that that is kicking ass hard, already locked in profit and waiting for price action to hit the bottom trendline channel where I will LONG it (purchase Factom coins) and hold them long term, as I see this cryptocurrency performing extremely well over the next couple years.