Long
Prepare for the "Big One". It's finally here.
Factom has had solid fundamentals for quite some time, but has been constrained by its technical structure.
When the 1D closes outside of the trendline, .0043ish should serve as an excellent RR entry, assuming it will retest the trendline before taking off.
I'm expecting at least 2x potential. As we have seen in the past, when factom moves, it moves quickly.
When the 1D closes outside of the trendline, .0043ish should serve as an excellent RR entry, assuming it will retest the trendline before taking off.
I'm expecting at least 2x potential. As we have seen in the past, when factom moves, it moves quickly.
Note
This is likely a good entry for anyone that wants to get in.
Note
This is likely a good entry
Note
Looks like bull flag. This area has proven to be an area of demand. I'm adding here.
Note
Looking for a clean break above this line to confirm double bottom. This would lead to a strong weekly candle close and more upside for Factom.Note
Pennant structure emerging, Intermediate take profit point indicated in above chart.
I expect Factom to move to .0075 within the next few days.
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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.