FCT - Double bottom & Bear trend colliding with trendline.

26 thg 9, 2017

We can see the recent bear momentum is about to meet with the base trend line. This usually signifies a good entry point assuming the fundamentals of the project are still intact. We aren't AT the baseline (yet?) however we have double bottomed at the current support level .0039. This project has also attracted a significant amount of increase in volume over the past few months. With the current double bottom, close proximity to the base line, and the RSI showing overbought, this is showing to be a pretty strong point of entry. I'd love to hear your thoughts!





Project details

FCT - Factom
This is a really amazing project. It is taking important asset documents and encrypting them to the immutable blockchain.

Imagine this... Your family has a humble, but beautiful sugar cane farm on the coast of Honduras. It supports you and all of your cousins and their families. One day, a government official comes with a title for that property. The deed that slime is holding shows the owner of the property is the cousin to the evil dictator. That the property was sold to his family 30 years ago and you are trespassing. You have to leave immediately, leave all your possessions and tools or be arrested.

You fight, you kick, you scream, you try to go to court and bring your deed, surely that is proof... right? Wrong, all of the records (because they are centralized at the local municipality) have been changed and the deed you have is labeled "counterfeit"

MEANWHILE in an alternate crypto universe....
The same story ensues however when you go to court they pull the block chain ledger for the property. They evaluate evaluate your deed on the blockchain, it checks out, they evaluate the false deed and find it doesn't match the ledger of the block chain. Immedietly the false deed is destructed and replaced with a copy of the proper ledger...

You and your cousins go back and party into the night thanking the creators of blockchain

Welcome to Factom.