Currently, Factom approached the strong psychological support at btc 0.001, which is right between the 227.2% and 261.8% Fibonacci, applied to the corrective wave after the uptrend breakout. Clearly, the is between btc 0.0009 and 0.0011. At the same time, two lower of the extended descending channels are crossing that area.
Seems like its an important price for Factom and therefore should be watched very closely. If it will be rejected, the potential trend reversal might be expected. But break below btc 0.0009 will most likely send it lower and/or extend the consolidation.
Resistance 1: 0.0026
Resistance 2: 0.0028
Resistance 3: 0.0031
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