Technical analysis: . FACTOM/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00160000 to 0.00118000). if so, traders can set orders based on Price...
Factoids in the bitcoin pairing pushing up to downtrend resistance from the past month, should be a decent breakout if it can push past.
Took a day longer than expected but we are home.
FACTOM LONG TRADE Chart is self explanatory I think. Accumulation zone is mentioned along with Stop Loss and TP Price Points.
The price should make an upward run in the nearest future, if we consider the recent movement patterns. Not a trading advice, though)
FCT declined by 4.36%, touching levels below $10. Somehow, it seems FCT is looking upward for the $11 goal. According to some analysts it could reach $26. For a month, coin went up 16.34% from $8.6 for coin. For 100 days FCT is up 121.84% from $4.51. FCT traded above $16 not long ago and that might be a realistic level to get back to.
very nice trade and trade signal hope all u guys got in for that ride 4.23 and then 80 percent down one wave - check 2 wave in the future then we ride that watermelon wave with cheap btc
Possible medium term channel forming with a target at the upper limit around .0075-.009 btc, high risk long at this level, channel needs one more test to confirm
After a bullish movement which brought price to near $20, now a swift is taking the price trading below $10. $10 support was broken and now the price is meeting resistance at $10. It might have found some stability for now trading around 10$.
The bullish moth for FACTOM came to an end with it's price sinking more than 15% in the last hours. A sell-off ended an amazing outperformance and halted the further possible price growth. The most likely movement from now on is further down.
The significant outperformance seen recently, which ended in 300% up, is now reversing. A possible drop below $11.80 would lead to another lower low and to a more bearish outlook. Traders are selling their holdings to record profit from the months movements, this can be followed by even further decreases and selling.
Okay, so today about another interesting altcoin - Factom (FCT). Here, the positive news mostly. It continues to be one of the most prosperous altcoins during the past weeks. Seems to go through a growth spurt unaffected by the Bitcoin bear market. FCT price, recovering from the recent downs, has now got boosted from the announced partnership with online video...
Chart is self explanatory. My last 2 trades was closed with little losses, So if this one works we are good.
Let's assume the channel holds and the timing and wave lengths, and percentage gains are equal to the previous impulse waves on the last bull run; we have ~250$ factoids in February 2019 and ~2300$ factoids in May 2019. This chart is just for fun and carries many assumptions, although I believe it to be within the realm of possibility, this is not a prediction.
If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042