Factom Approaching crossing path...
Updated
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 'Head', with the help of a bullish flag bulding up. This is very bullish and might be the kick needed to cross to the cloud and catch back the BTCUSD(RED line) value that laged behind.
Support is tested and resistance is strong, closely monitor volume if you want to catch the breakout.
I'm Neutral ATM and I will update the charts when new confirmation signal appears.
Cheers, good luck and safe trading!
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 'Head', with the help of a bullish flag bulding up. This is very bullish and might be the kick needed to cross to the cloud and catch back the BTCUSD(RED line) value that laged behind.
Support is tested and resistance is strong, closely monitor volume if you want to catch the breakout.
I'm Neutral ATM and I will update the charts when new confirmation signal appears.
Cheers, good luck and safe trading!
Note
As bitcoin adoption mature, This kind of article explain the length of factom's potentional"While current development has focused on securing data to the Bitcoin chain, we are confident that Factom will be used not only to secure data onto many chains, but also to secure data from entire blockchains onto one another. This cross-anchoring will help ensure the security of the entire network of blockchains that will exist in the future."
multicoin.capital/2017/09/07/fct2017/
Trade active
588ktwitter.com/factom/status/905890393270738944
New wallet release.
Note
Notice the ALMA Candle turning blue.The color of the next candle has been a strong trend signal for FCT in the past. Factom having some news rolling just in decision time is basicaly rocket fuel.
Note
Huge market consoldation just shot FCT an arrow in the knee.
FCT as always is painting charts and touch triggers everywhere.
It just bounced on the cloud lower frame and broke that yellow support line. If the consolidation panic is over, FCT should resume its uptrend from here.
Note
Look for V-Shaped Candle if you are looking to reduce your entry risk.Note
Here is our Vshape!!
Now looking for the making of a bullflag and fully resume the uptrend.
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