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FCTBTC Cup&Handle will help to breakout from Descending wedge

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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.
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It seems that overall the price follows further the down trend. Breakout did not happened and the price continues to decrease
buyChart PatternsDescending Broadening WedgefactomFCTFCTBTCTechnical IndicatorssignalTrend Analysis

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