Long

FCTBTC - Bull channel re-entry

Updated

Factom, one of the coins I follow very closely, trading in a predictable bull channel. I've had this "red zone" entry drawn for a few hours now, and here we are. Looking to add here, at .00770-.00785. Exit area should be fairly obvious. We have had a solid 79% fib retracement on the current mini-cycle, which is also bullish.

Factom is one of the gems of the crypto world, and for reasons beyond T/A, I believe it will establish itself as a top 5 market cap when the "flight to quality" occurs. As such, I only look to buy dips on FCTBTC.
POLONIEX:FCTBTC

Note

cognizant.com/whitepapers/financial-services-building-blockchain-one-block-at-a-time-codex2742.pdf

"For example, we recently worked with a leading U.S. commercial bank that faced the challenge of having multiple subsidiaries, each with different enterprise systems that frequently needed to share general ledger postings with each other. The bank sought to eliminate manual intervention and automate settlement and reconciliation of transfers between its subsidiaries in real time using smart contracts supported by blockchain. The project created a complete end-to-end solution to achieve these objectives, using Ethereum to store general ledger balances and Factom to store settled general ledger postings."

So there you have it. Factom being used by "a leading US commercial bank". At a cap of 198m, and in 31st place on coinmarketcap.com, you will NOT find a better speculative play than FCTBTC.

Trade active

What was a bull channel has now morphed into a bull pennant. A lot of those out there. Still a long.

MarkCanna

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.