Factom - I nearly passed out from boredom...
FCTBTC has been extremely boring for the past few weeks, bouncing around in a range between 0.00146 and 0.00184 with no decisive action up or down.
No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting stopped off at one of the fib levels still provides substantial gains - and Poloniex has 2.5x leverage for non US-traders to make things even more interesting.
If FCTBTC takes a dive under 0.00145 it's likely that we dive down to the two support levels marked in red. These could be very interesting points to stock up if things do go south, as it is very likely that the 0.00146 level will be tested as resistance after that. I'm cautiously bullish at this moment, especially given the fact that FCT is one of the rare cryptocoins with an actual use-case out there in the world. But I'm already holding so I don't need to buy more. If price goes down I'm adding to my long position at the two zones indicated in red. All in all, I have a hunch that we'll finally have some more interesting price action to watch for Factom!
No way to tell how this will unfold - it might keep showing the same boring behaviour - but FCTBTC is starting to become one to watch again. If price moves above 0.00184 even failing to make a higher high and getting stopped off at one of the fib levels still provides substantial gains - and Poloniex has 2.5x leverage for non US-traders to make things even more interesting.
If FCTBTC takes a dive under 0.00145 it's likely that we dive down to the two support levels marked in red. These could be very interesting points to stock up if things do go south, as it is very likely that the 0.00146 level will be tested as resistance after that. I'm cautiously bullish at this moment, especially given the fact that FCT is one of the rare cryptocoins with an actual use-case out there in the world. But I'm already holding so I don't need to buy more. If price goes down I'm adding to my long position at the two zones indicated in red. All in all, I have a hunch that we'll finally have some more interesting price action to watch for Factom!
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