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RE: $FCT/BTC Technical Analysis "Play to kill" #1 UPDATE

in #factom8 years ago

COMMENT
This is a quite hard and aggressive uptrend imho, but for a reason, FCT has good tech and great promotion behind it! For the coming day's I'd expect some pullback and then probably an attack onto the all time high, with what at the moment looks like a high probability of breaking it and making new all time highs. The volume is quite big and steady, thus I don't see a real weakness on the charts.
On the other hand since the price went up so quickly there is always a chance of a equally hard dump, so everyone should keep that in mind and have their triggers ready.

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Thanks for your analysis here, Oz.

I agree with your assessment, both at the technical and fundamental level. I think that it's one of the more promising alt-coins out there.

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