Category: Factom

Factom Technical Analysis for 05/20/2016 – Pivot Level Overview

My previous Factom article, the one on the 13th, talked about the technical significance of the 0.0023 level and why it must hold as support, otherwise the bear market would continue. Since the 13th, the 0.023 area acted as support on multiple times and the market finally began to rally, yesterday. The 0.00255 pivot area – which I have described in two prior articles (05/04/2016 & 05/13/2016) – is still …
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Factom Technical Analysis for 05/13/2016 – Will 0.0023 Turn Into Support?

My last Factom article – the one on the 4th of May – outlined the technical importance of the 0.00255 price level, and this area acted twice as resistance again, yesterday. Since first breaking under 0.00255, on the 3rd of May, price has been unable to get above this level so far this month. On the 4th, I speculated that if price was unable to break above 0.00255 at some …
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Factom Technical Analysis for 05/04/2016 – Plenty of Pivot Zones on the Charts

The pivot zone at 0.00255 is continuing to influence the price action on the Factom charts. Since my last article – where I first outlined this pivot zone for the first time – the 0.00255 area has acted as resistance an additional four times, and also twice as support. Yesterday, price slipped underneath 0.00255, and today, this area has prevented the market from trading higher on two occasions. If 0.00255 …
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Factom Technical Analysis for 04/27/2016 – Pivot Zone Overview

Once the Factom exchange rate slipped underneath the 0.00316 pivot level – which I wrote about in my last Factom article – price tumbled all the way down to the massive pivot zone at 0.0021, where the market finally found support. Why 0.0021? Well, the 0.0021 level has an extensive history that goes back to January 15, 2106, when this area first started acting as support. Since the 15th, 0.0021 …
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