Short
factom in bearish channel
Factom looks to be finishing up its last leg down . Currently in a bearish channel.
I would wait till it hits orange lines and breaks through upper resistance (red Line) before buying in.
If it doesn’t catch major support on orange line then next major support is purple line.
I would wait till it hits orange lines and breaks through upper resistance (red Line) before buying in.
If it doesn’t catch major support on orange line then next major support is purple line.
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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.