Factom (FCT) Personality Trait

haejin (87)in #factom • 6 years ago

SUMMARY

Each coin has its own unique trait, call it a personality. The more you analyze the coin, the more you see the features. In the case for Factom (FCT), it almost has a fetish for rounded price formations. The chart below shows the example. Three consecutive rounds of using the rounded bottom as a consolidation phase before going higher.

So, what's at least a little different this time around? I would say the MACD. Look how better defined it is within its contracting blue lines. Is this the time to be taking selling or buying actions? The impulse waves (blue) show that the right wall is being built and that means higher highs.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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6 years ago in #factom by haejin (87)

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koreaculture (71) 6 years ago (edited)

thanks as i know factom was used for some real estate contract once a t a time, im not familiar with nowadays what they do. Your posting makes me check this out. it is the time.

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hb1 (36) 6 years ago

I agree, very strong chance of FCT breaking up in a stong way. RSI also looking good. In case readers are not aware, FCT is one of those businesses with real-world applications and they are already in talks with DoD and in discussions with various companies regarding border security. I'm still not sold on an imminent big jump (though charts are looking promising), but I think Factom has great long-term holding potential with big announcements expected in second half of the year.

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