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Factom

Factom's Giant PennantFactom/FCT looks like it's coming to the end of a long consolidation and is nearing a breakout. If this breaks to the upside we could see a major price movement comparable to recent breakouts like Monero/XMR and DASH. Much of what happens next depends on Bitcoin, but I expect possibly a short-term sell-off to the ~300k satoshi area to retest new structure support and shake off daily RSI bear div. The recent DASH breakout saw price hit the 4.236 extension, and I don't think it is out of the question for FCT to do the same, which would be ~3.3 million satoshi price. Other extensions are: 1.618/1.3 million sats, 2.618/2 million sats, and 3.618/2.8 million sats. Edit: Ignore the RSI nonsense, I left it in accidentally.
FLong
by DrGonzo87
FACTOM Short Term Cup & Handle - up to Top of TriangleThis is a short term update to my previous post about a long term Cup & Handle. There was a nice spike yesterday, and it now looks like that Bullish Pennant that formed is turning into another handle. Going by the book, it should take us above the trendline that forms the top of the long-term triangle, but since it's so close I'm going to assume it'll stop there. So my target is still 0.005 But keep an eye out - if it breaks upward out of the triangle significantly with volume and stays above, could be a big move up! 0.0057ish would be confirmation of that for me personally. Here's the long-term triangle on the daily chart:
FLong
by biggullycoin
fct and maidSomeone mentioned the price/usd for these on twitter some time ago, cant remember who it was. Decided to chart it as they didnt publicize. Anyway, looks pretty good, play the breakout, Im guessing here well break up for a r/r of ~8x+, maybe less depending if these both go up and where you take profit. Alt season has so far seen the high caps go to imo "crazy" levels, though the bitcoin news is pretty hard core, so maybe the price action is legit... i dont buy it. Years ago with ppc, dash, uro, rzr, who knows what else, crypty, mintal, and all the craziness. Just cause we have a new exchange polo its all the same, pump and dump. Who knows, do your own research and trade with stops and your own ideas.
FLong
by Noobincrypt
Cryptoccurency Factom/Bitcoin long pos. after perfect reboundThis fairly new market has its own psychology of trading. I found that many times crypto crowd follows simple technical formations. We can see here very nice double bottom with Doji candle, plus square number which it seems that is respected by crypto community. 0.0020000 was respected twice within the 3 months. I assume that this pair will go up and it will soon reach last highest high which is around 0.00620000. I would also set up buy order around 0.0025000 which could give quite nice risk reward ratio.
FLong
by Krystiannwk
1
Factom - ENTRY on breakout or retest of trendline - FCTBTC Hi, We have a pretty good probability that this trend wants to continue. i really don't like these messy trends but considering how far we went up in the last uptrend on FCT it's worth trying to get in. Entry: the first thing i'm going to do is put in a buy order at the level shown on the chart. But I'm hoping that we will get a retest of the blue trendline (shown by the green arrows) and get in there on a bounce, as this will give a better chance of our stop not getting hit (if it's under the blue trendline). Initial stop: this will be under the lowest of the current range (shown in the chart) Exit: I'll be moving a stop up under the swing lows of the daily, and on the 4 hour if the price suddenly shoots up. What analysis I'm doing: The first thing that caught my eye is that, the current section (within the right-hand yellow box) is a carbon copy of the beginning of the last up trend (in the left yellow box) The mas are both green, have crossed over, and the price is holding above them (more or less) The drop in volume is a bit worrying, but I'd take analysis on the candles over that. Each swing low is higher than the last and seems to be holding as a new support level. the price is breaking up through the swing highs It's also worth considering that we are probably in a triangle on the larger timeframe (shown in the image below), meaning we may not have far for this trend to go before we hit the top of the triangle and move back down: Good luck with FCT guys! Mark
FLong
by MarkLudgate
2
FCT-BTC Trendlines convergingFactom starting to move to the upside. My ALMA has turned green and price is moving above the moving averages, with the MAs in the right order and pointing upwards. Basically all my triggers right there except the resistance point at 363, so now just looking for an entry. I'd like to see it moving sideways for the next week, building up some pressure. It could pump sooner but it's more risky with the potential for breakout buy orders getting triggered only to retrace. It is quite hyped. Ideally, I'd like to get in when it's touching the 150 ALMA, but too early to tell which MAs it will respect. So, more waiting. If it pops to the downside it could range in the more long term channel. In which case, come back in a month.
FLong
by nathansonic
1
Factom - Potential Impending 3mth Breakout on WeeklyLooking to see if this pattern plays out again when Bitcoin cools off. After the big dump, $BTC recovered into the low 8's for a bit for a few days of (positive) sideways action before rallying from 831-912 the last day and a half. PBOC announcement and subsequent calming of fears was possibly a fundamental cause for slower action(?) and Coinbase announcement (received license to operate from state of NY) may have been a contributing factor to recent positive move (probably minor, if at all?). $FCT went down slightly due to the rally, but held strong in price. Questions: a. Does $BTC volatility contribute to stalling possible breakout for $FCT? b. Might $FCT breakout against positive movement anyway? c. Might another heavy correction come soon for $BTC that could propel movement in alts (hopefully $FCT)? d. $FCT has been disabled on Poloniex for a bit now because of M2 testnet integration...often, coins pump when re-enabled - maybe for $FCT? More to come...need to check out news, see if anything fundamental lines up on the horizon for FCT. "Prediction" based solely on chart...1-2 week crawl/possible downward action to .0032 before a 4 week rally to .0070+. DISCLAIMER: Trying to teach myself how to create/read charts and make sensible predictions - please go easy on me! ;) That being said, any advice/information/corrections that you can provide would be greatly appreciated. Lastly, (it should be obvious, but...) please do not make trades based on my ideas! Thanks for looking.
FLong
by BCRobin