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Factom

FCT - Double bottom & Bear trend colliding with trendline.We can see the recent bear momentum is about to meet with the base trend line. This usually signifies a good entry point assuming the fundamentals of the project are still intact. We aren't AT the baseline (yet?) however we have double bottomed at the current support level .0039. This project has also attracted a significant amount of increase in volume over the past few months. With the current double bottom, close proximity to the base line, and the RSI showing overbought, this is showing to be a pretty strong point of entry. I'd love to hear your thoughts! Project details FCT - Factom This is a really amazing project. It is taking important asset documents and encrypting them to the immutable blockchain. Imagine this... Your family has a humble, but beautiful sugar cane farm on the coast of Honduras. It supports you and all of your cousins and their families. One day, a government official comes with a title for that property. The deed that slime is holding shows the owner of the property is the cousin to the evil dictator. That the property was sold to his family 30 years ago and you are trespassing. You have to leave immediately, leave all your possessions and tools or be arrested. You fight, you kick, you scream, you try to go to court and bring your deed, surely that is proof... right? Wrong, all of the records (because they are centralized at the local municipality) have been changed and the deed you have is labeled "counterfeit" MEANWHILE in an alternate crypto universe.... The same story ensues however when you go to court they pull the block chain ledger for the property. They evaluate evaluate your deed on the blockchain, it checks out, they evaluate the false deed and find it doesn't match the ledger of the block chain. Immedietly the false deed is destructed and replaced with a copy of the proper ledger... You and your cousins go back and party into the night thanking the creators of blockchain Welcome to Factom.
FLong
by Troy_Brave
1
FCTBTC Bullish Bat Pattern/Break-Crossing in the 7 day and 21 day moving averages show more downward move to the 77 day moving average. Breakout at point of cross over. -Volume indicates decreasing selling support and accumulative kind of format. -Expect a move down to 0.00583808 at which point trade should be active. -1st target at 38.20 fib level -2nd target at 61.80 fib level -An aggressive stop loss at 1:1 of the 1st target. Now lets watch and see. I would love to see your comments and thoughts bellow thanks. P.S. Use information for educational purposes, as should not be seen as investment advise.
FLong
by neni_emsu
2
Factom - what to do? As I described in the previous idea, Factom generally followed the downtrend and staggered for a while before breaking out of the downtrend resistance line on high volume. At the moment, the volume seems lower than on the previous candle and the price is being pushed down. However, there are three resistance lines on its way - the previous downtrend line, the new uptrend line that it has already surpassed and a long-term strong horizontal support line from the past. Factom has been fairly week in the past months, so even that much support doesn't guarantee it will not go down. However, if it stays, I expect it to trend sideways for a little while. The ADX indicator shows that buyers are very strong, and the ADX trend line is starting to rise above 20 indicating a possible start of a trend (not yet clear, though). Factom is also being overbought, as Stoch RSI suggests, which is good fuel for further price upward movement. After that, volume and price action should give hints of its next move. That can be a good opportunity to go long. Some news form the Factom devs can also help another spike happen. Overall, Factom has corrected it quite strongly from the June high, and now seems to be about time it went up. Thoughts? Corrections? Let me know if you see something else on the chart that I overlooked.
FLong
by HumbleDumbell
6
FCT/BTC Long IdeaLooking to enter a position into Factom once the price drops down to major support. The last 3 pumps have used this line to bounce off of, which lines up well with the 0.786 Fib level on each of the spikes. I will enter my first position once the price drops down to that support level (Entry Point B). The second entry will be once the price then crosses Entry Point A bottom-up. I will be looking for profits in the correlated exit points (Exit point B = sell position bought into on entry point B). Price looks like it's in a potential bearish rectangle at the moment which is why I'm expecting it to drop further than what it is. Historically Factom has also taken some time to consolidate before pumping so I'm expecting that to play out again. Stop/Loss for point B will be set depending on entry price
FLong
by blakeren
RADS: The Sleeping GiantRads is the embodiment of a "sleeping giant". It mainly competes with factom and civic, but has a market cap 10x less (just 15 million). It has a low supply and a low inflation rate. Many of you have not heard of Rads... this is a good thing. Technically, it is sitting on VPVR support (a major demand zone), and it has seen significant downside. Sellers should become exhausted around this point. For more information on Rads, you can check here: bitcointalk.org medium.com radiumcore.org blog.radiumcore.org Development is very active and over half the supply is currently staking off market. You can see that there is not much resistance on the sell side, so very small buying activity should push Rads up significantly. Overview: Radium is a verification software and protocol that allows businesses and the like to ensure the validity of any transaction, file, etc . According to Justin Jacobeen, founder of Radium, “The idea behind Radium is that everyone uses blockchains mostly for financial transactions, that is what Bitcoin is based on, that is what I would say 90% of what other coins do. But the very core of how a blockchain works, financial transactions are just information, just data, and what Radium figured is, why don’t we look at putting some other stuff into the blockchain? It doesn’t have to be a financial transaction. Why don’t we put other information, say the identity of another individual?Or why don’t we put in the information regarding like say the Hash of a file? Everyone is pretty familiar with how blockchains and financial records work. You send some Bitcoin, its incredibly hard to change that record in the blockchain because of either the proof of work requirement or the proof of stake requirement. But not we have leveraged that same security, and added that to an identity. So that if you were to receive a file, or something, you could look up that identity in the blockchain and have the same sort of confidence, that the information you are looking at, is valid, that you would as though you were looking at a Bitcoin or some other financial based transaction.” Radium currently offers two products: SmartChain Verify and Radium Core
RLong
by LARP_Capital
21
Factom still in accumulation stage, descending triangle formingFactom like alot of altcoins lately is one of those tokens that has a great dev team, great potential and great product but has been slowly going down in price due to a lack of news. In the chart you can see a descending triangle forming, while generally bearish, in my opinion based on fundamentals wont last long. Ive been accumulating in the 600-620k range and if it does break out, expect targets of 750k, 850k and then the FIB line shortly thereafter. Sell if it break below 580k with volume.
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by UnknownUnicorn1195715
Fractal Idea for Factom shows more downside.The great thing about Crypto charts is they are fractal by nature, if you're a fan of Fractals there are no better charts than Crypto to trade your theory. Just look at Bitcoin its a Fractal traders dream with Fractals appearing almost every month. I will have a future post on this soon. Looking at Factom we have a perfect Fractal trade coming up, lets see if markets really can be predicted with a theory this simple. Ill set aside my Elliott trading on this occasion and see what happens. I await with interest, Good luck traders and thanks for your interest, Bitking
FShort
by Bitkingfx
2