Long
FCTBTC Cup&Handle will help to breakout from Descending wedge
Factom is in the Descending wedge and can breakout of it upper edge in the near future.
The current price range looks like a solid support, which in the past has been a good reflection of the market decline and has become a turning area for building the recent wave of growth.
At this moment, indicators and trend analysis of the 1-hour timeframe chart suggest that Cup&Handle which is supported by Ichimoku clouds will help to break out of the descending wedge which can be seen on the 1-day timeframe chart. This will start a new wave of growth
If the price drops below 0.00088, then the development of a positive scenario for this asset may take much longer time and you should follow our updates.
The current price range looks like a solid support, which in the past has been a good reflection of the market decline and has become a turning area for building the recent wave of growth.
At this moment, indicators and trend analysis of the 1-hour timeframe chart suggest that Cup&Handle which is supported by Ichimoku clouds will help to break out of the descending wedge which can be seen on the 1-day timeframe chart. This will start a new wave of growth
If the price drops below 0.00088, then the development of a positive scenario for this asset may take much longer time and you should follow our updates.
Trade closed manually
It seems that overall the price follows further the down trend. Breakout did not happened and the price continues to decrease
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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.
Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
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.