Long

FCTBTC - Longer term inverse head and shoulders entry

Updated

Looks like a great entry on the right shoulder of an inverse head and shoulders pattern...which as we know is very bullish. Look for a significant breakout through the neckline, with a possible retracement back, followed by further upwards movement.

Factom continues to be one of the gems of the crypto world with regards to fundamentals; they've got a bright future and deserve your attention.
POLONIEX:FCTBTC

Note

Not much can be done about the China ICO news. I'm choosing to look at it in a positive light. In the upcoming months there will be a "flight to quality", as the vast number of ICO's are now being clamped down. Factom will surely be identified as one of the quality coins to hold in your portfolio. While the head and shoulders may be broken, it was indicative of strength prior to the shakeout, and I see this as a further opportunity to add.

Note

Factom just released an encrypted wallet.
twitter.com/factom/status/905890393270738944
Lack of an encrypted wallet has long been seen as one of the factors suppressing the price of FCT. Hopefully this continues our bullish inverse H&S which was disrupted by the China ICO fud news.

MarkCanna

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