Category: Factom

Factom Technical Analysis for 03/13/2016 – 0.0063 Turns Into Major Pivot Level

In my prior Factom technical article on the 9th of March, I said that if the exchange rate retraced back up to 0.0073, this level was very likely to turn into resistance. Later on that day, price retraced to 0.0073 and sold-off almost immediately. Since the 9th, the 0.0063 price level has become a very important technical area. This level acted as resistance three times between the 9th & 10th. …
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Factom Technical Analysis for 03/09/2016 – Price Breaks Through Major Pivot Zones

The Factom digital token has been on a tear since the the 5th of March, hitting an all-time high of 0.008692 today,  but the charts are starting to show that the market may be in overbought territory. For starters, the big support level at 0.0073 – which propped up the market four times – was broken today on significant volume. If price retraces back up to 0.0073 over the next …
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