FCT possible breakout incoming Factoids in the bitcoin pairing pushing up to downtrend resistance from the past month, should be a decent breakout if it can push past.
Factoids
Medium term channel setup 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
FCTUSD factoid wave extrapolation 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.
Factom bull market initial impulse wave Looking eerily similar to the first big impulse wave that started off the first factoid rally that ended in 100x gains...
Factom short term channel setup If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042
Factom bull run pattern analysis Bullish belt hold kicked off the rally and long legged doji marks consolidation on the weekly. If the pattern stays mirrored expect another bullish belt hold after break out of the consolidation zone and then some successive high waves in a consolidation zone after mark up.
Factom stay long periodicity shows a 72-80 day period between the lowest swing low to various all time highs. go back in chart to see historical same periodicity at play presently.
Factom FCT: ML Hit Now Looking for ExpansionFactom FCT has hit the Median Line (1st target). Now it's just trading around it waiting for the next decision. This looks like the beginning of a new growth phase in a market. I'm looking expansion to the UMH (Upper Median Parallel) and from there perhaps even multiple warning lines as new fresh volumes enters this market. The two arrows indicate successful tests of the Pitchfork and validate the frequency that is in play. Also, they have a fantastic business model. Huge fan of FCT here
