Factom Breaks Falling Wedge, Target Mapped

16 Apr 2020

All the signals necessary for a bullish wave to form are now visible on the FCTBTC chart... Let's take a quick look at those:

Fanctom (FCTBTC) Chart Signals

• First, we have a strong green candle to break out of a falling wedge. This signal only confirms when the daily candle closes.
  
• Trading volume starting to increase (still low but the day is just getting started).
  
• Prices trading above EMA10 and EMA50.
  
• MACD bullish crossover + hidden bullish divergence.
  
• Strong RSI.
  
• Low volume on the drop.
  
• Higher low printed as well.
  

These are many signals that support the bull's perspective... We can expect for Factom (FCTBTC) to continue to grow.

Thanks for reading.

Namaste.