Factom still in accumulation stage, descending triangle forming

4 באוג׳ 2017

Factom like alot of altcoins lately is one of those tokens that has a great dev team, great potential and great product but has been slowly going down in price due to a lack of news. In the chart you can see a descending triangle forming, while generally bearish, in my opinion based on fundamentals wont last long. Ive been accumulating in the 600-620k range and if it does break out, expect targets of 750k, 850k and then the FIB line shortly thereafter. Sell if it break below 580k with volume.