Factom $FCT - long idea$FCT has been consolidating for a few years and ready to begin a new run up.
Factom has a low supply and currently significantly undervalued.
Good time to accumulate and patiently wait for great returns.
Not financial advice.
Trade carefully and good luck.
Fctusdt
FCT Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
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Keep an eye on FCT for possible new bullish wave !There are several key things to note from the chart of FCT/BTC:
- Recently in a downtrend and moving in a descending channel. It has tested the bottom of the channel at least twice already and now the price is lingering around the top of the channel. We can wait for breakout of this channel upwards to place the buys at the ideal conditions.
- The MACD shows that the bears are losing strength and we might witness a reversal to a bullish market soon, as the MACD are about to cross upwards and go to positive.
- The ADX is still in quite a positive value; and we can see how the DI (+) is creeping up on the DI (-), with a possible cross of both DIs in the upcoming days.
We can set the following trade:
Buy above 0.00365
Target short-term @ 0.00431
Target mid-term @ 0.0056
Sop Loss @ 0.0025
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FCT is going to explodeI've been watching this coin for quite some time, consolidation after the fast rise right after absolute dip was a play book symmetrical triangle right until bitcoin crash. Yet, it retraced back to the 50% fibo at the worst point of the FUD and bounced back up perfectly.
Now, there is an inverse head shoulders right inside the triangle. Accompanied with nicely consolidated RSI positions while it's still being accumulated. MACD also says bears are done for now. I expect a powerful rise, TP is at least 0.0063s. Stoploss should be around 50 fibo at 0.0033s.
Good luck.
FCT - Welcome to the Future of Data StorageFactom, the giant decentralised and immutable database is about to pump. Protected from manipulation and ignoring interpretation, it will be a big player in the crypto world for many years to come.
Data storage, record keeping and big data are important parts of the future.
Entry: 0.0054 - 0.0063.
TP1: 0.0087.
TP2: 0.014.
TP3: 0.0225.
Stop-loss: 0.0052.
Risk/Reward: 2.59:1.
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Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
