Category: Factom

Factom Technical Analysis for 04/20/2016 – Price Can’t Stay Above Major Resistance at 0.0034

April 20, 2016
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The big drop that took place on April 10 pushed price underneath a key pivot zone, which is now acting as resistance and preventing the market from breaking higher. Of course I am referring to the pivot area between 0.0033 & 0.0034. I wrote about this pivot zone in my Factom article on the 21st of March, and it seems that this technical area is continuing to influence the market. …
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Factom Technical Analysis for 03/23/2016 – Market Closes Above 0.0046 Pivot Level

March 23, 2016
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The 0.0046 pivot area – which I said would come into play in my last Factom technical article – was broken today, and it also acted as resistance today, just a few hours before the break. In my previous article, I also stated that if price gets over 0.0046 – a really towards the 0.0052 pivot area was likely, and I still maintain that sentiment. Unless the market gets under …
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Factom Technical Analysis for 03/21/2016 – 0.0033 Becomes Major Pivot Zone

March 21, 2016
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In my previous Factom analysis article on the 17th, I outlined the technical significance of the 0.0033 level, and speculated that the market may find support there in the future. On the 18th, the exchange rate dropped to 0.0033 and immediately bounced higher on a volume 255.13 BTC. Therefore, the 0.0033 level has now become a major pivot zone! The 0.00375 has also become a prominent technical level since the …
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Factom Technical Analysis for 03/17/2016 – Last Line of Defense at 0.0033 Pivot Zone

March 17, 2016
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The 0.0052 pivot zone – which I described in my last Factom article – turned into resistance on the 15th, when price broke underneath 0.0052 for the first time since the 6th of March. Since the 15th, the market has continued to slide lower.   Factom entered a bear market on the 9th of March, when price hit an all-time high of 0.008692. The trend line is now firmly in …
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