This correction has been long and painful for many who bought Factom earlier on. The good news it that Factom might be ending it's descent within the next week. As you can see on the chart, the descending wedge is about to reach its point. If all goes according to fib rules, we can expect an impulse wave between .006 and .009 (that's 300-450% returns!)
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Disclaimer: This should not be taken as advice, as I am not an advisor. Please do your own research and use this chart for comparison.
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Disclaimer: This should not be taken as advice, as I am not an advisor. Please do your own research and use this chart for comparison.
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Closer look on the 4hr chart. The orange trend line may show us where we can expect breakout
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Zoomed out...
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Sorry, I added my update to the comments section. The above chart relates...
So, Factom has completely fallen through to the basement. We are literally at the bottom (true?) support. This is probably likely due to BTC's $3000 rocket this morning. So, unless it decides to make a new bottom, this is likely the best price you'll ever get for this coin.
So, Factom has completely fallen through to the basement. We are literally at the bottom (true?) support. This is probably likely due to BTC's $3000 rocket this morning. So, unless it decides to make a new bottom, this is likely the best price you'll ever get for this coin.