Quote from: siaubas on December 23, 2016, 06:13:35 PM

Quote from: Mrfrismint on December 23, 2016, 01:28:02 PM

FCT broke out of the downtrend a few weeks ago before the M2 launch. The market and especially whales made use of the moment to pump FCT extra by creating FOMO. Then after M2 was announced the dump started, but the uptrend is still there. FCT is testing that upper support line again and from there it will go up again, shaking out weak hand first to accumulate cheaper. Don't forget that M2 is being rolled out now. Exchanges and clients will move to the new code. Then Exodus wallet will become available, which will decrease Polo's FCT supply. This is all good for the price, plus the market will see an increase in entries as soon as Smarttrac starts with Dloc in January.

Care to explain why you draw the support line through the lowest traded prices but your resistance line follows completely different and not so clear rules?

this is more accurate.

https://www.tradingview.com/chart/FCTBTC/V4QjiGyR-factom/