HQ Setup for #Factom
Updated
Hi friends! Welcome to Poop's wave count analysis on FCT.
If you have missed the November pump, now is your second chance to ride the #FCT Bullish Cycle.
The previous uptrend (wave 1) had a very significant volume and the succeeding price correction (wave 2) had a weak volume which gives us the conclusion that we have a bullish trend. We just completed wave 2 and looking to reach wave 3. We just had a perfect bounce at .786 Fib level which has a confluence with a horizontal support and the 200 day moving average. A bullish divergence and a buy signal backs this analysis.
Targets:
T1- .0025/ 40%
T2- .0032/ 80%
T3- .0042/ 130%
T4- .0050/ 180%
T5- .0070/ 300%
Note: T1 is our First Trouble Area (FTA). It would be nice if we can book some profits here.
T4 and T5 is not a valid target if we fail to break above T3 which is a significant resistance.
That's it friends, I looking forward for your comments on this analysis.
Enjoy the gains!
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
If you have missed the November pump, now is your second chance to ride the #FCT Bullish Cycle.
The previous uptrend (wave 1) had a very significant volume and the succeeding price correction (wave 2) had a weak volume which gives us the conclusion that we have a bullish trend. We just completed wave 2 and looking to reach wave 3. We just had a perfect bounce at .786 Fib level which has a confluence with a horizontal support and the 200 day moving average. A bullish divergence and a buy signal backs this analysis.
Targets:
T1- .0025/ 40%
T2- .0032/ 80%
T3- .0042/ 130%
T4- .0050/ 180%
T5- .0070/ 300%
Note: T1 is our First Trouble Area (FTA). It would be nice if we can book some profits here.
T4 and T5 is not a valid target if we fail to break above T3 which is a significant resistance.
That's it friends, I looking forward for your comments on this analysis.
Enjoy the gains!
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
Note
First Target reached. Road to Second Target 
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