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Factom (FCT) to the New All-Time High
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Factom
Adrian Mathieu·
Uncategorized
·February 22, 2018

Factom (FCT) to the New All-Time High

Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.

Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers.

The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook.

Factom (FCT) to the New All-Time High 12

 

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Adrian Mathieu
Adrian is a senior crypto analyst who loves to combine analytics with creative writing. He has written numerous informative articles that various global media organizations have referenced. He has the winning combination, a degree in Journalism, and a passion for crypto. His hobbies include collecting NFTs, playing soccer, and meditating. Adrian firmly believes that meditation is the key to staying sane and focused in the ever-changing and demanding crypto environment. Email Adrian directly at [email protected]
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