Factom is in the Descending wedge and can breakout of it upper edge in the near future.
The current price range looks like a solid support, which in the past has been a good reflection of the market decline and has become a turning area for building the recent wave of growth.
At this moment, indicators and trend analysis of the 1-hour timeframe chart suggest that Cup&Handle which is supported by Ichimoku clouds will help to break out of the descending wedge which can be seen on the 1-day timeframe chart. This will start a new wave of growth
If the price drops below 0.00088, then the development of a positive scenario for this asset may take much longer time and you should follow our updates.
The current price range looks like a solid support, which in the past has been a good reflection of the market decline and has become a turning area for building the recent wave of growth.
At this moment, indicators and trend analysis of the 1-hour timeframe chart suggest that Cup&Handle which is supported by Ichimoku clouds will help to break out of the descending wedge which can be seen on the 1-day timeframe chart. This will start a new wave of growth
If the price drops below 0.00088, then the development of a positive scenario for this asset may take much longer time and you should follow our updates.
Trade fermée manuellement:
It seems that overall the price follows further the down trend. Breakout did not happened and the price continues to decrease
Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io