Factom FCT/USD is trading at the level of 25.20. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Factom. Ichimoku Kinko Hyo cloud upper test is expected near the level of 24.00, from which it is expected to rebound and attempt to continue growth with the target near 30.00.
Factom forecast & analysis FCT/USD on March 29, 2018
An additional signal in favor of the growth of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, we received a weak signal for sell of the Factom cryptocurrency, due to the crossing of the signal lines at 24.00.
Cancellation of the variant of growth of quotations Factom will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 21.00, which will indicate the change of the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations FCT/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the area of 26.50.