I'll be averaging in between 340-400. After a huge green candle, (coinsignals.trade for full FTM chart history), we're looking at a 30-40% correction, follow by what I believe to be a major pump. Lots of good news coming- main net Q3, fantom-powered smart cities like Dubai, etc. FA is great. Mcap around $55-50 million, was on Bitmax and Kucoin, just listed on Binance so it will unlock a ton of liquidity and buyers who previously had never heard of Fantom. This project is going to move like NANO or NEO did. Lots of FOMO incoming!
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I'm adjusting my buy range to 300-400. We could wick down to 300, as it's 60% of the top.
Trade active
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It's impossible to tell from the Binance chart, but if you look at Bitmax/Kucoin charts you'll see that a possible bull pennant is forming. It could still break down, but will be interesting to watch over the next 24 hours.
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Pennant broke.
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Bear flag. See you at the bottom.
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Looking at an ABCD downtrend. We're sitting around 330 now, what a great entry point here. Could dip lower to 300, but I don't think we'll stay there for long. Don't try to grab the exact bottom.
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Look at that. Perfect bounce at point D downtrend line. If you were going to long, now may be the last call. Now it's time to work our way back up to the 450 level. If we fail to break resistance there, we're probably in a multi-month downtrend. If we break resistance, it'll be time to retest the top at 500 and then price discovery.
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Filled up my bag at 327. Looking to take a little bit of profit at 440.
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Well we took a strong nose dive. All alts are acting weird on binance at the moment, probably due to the news about restricting US customers and BTC is pumping. I'm seeing several insane pumps and whales dumping many alts. I'm continuing to hold my positions because I don't let FUD/news affect my plans. US customers can still trade on Binance for another 3 months.
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Getting some bullish divergence on the 1H. Still holding.
Trade closed manually:
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