看空

-35% crash on Fantom.

已更新

Here are some bearish factors?
1).We had a pi cycle top on 26 October.

2).We have continually failed to break the linear regression trendline despite bitcoin breaking its 64k resistance.
3). It has rallied 232.37% in 34 days.

Conclusion:
The risk of a Potential upside rally while highly likely vs a potential short term wash of leverage by bearish price action.
I choose the bears for they have best t.a. Price target of 1.9 about -35%.

Trade responsibly and follow me on my twitter

交易進行

Stoploss at all time highs. price 3.6

註釋

upcoming resistance

交易進行

If btc continues with the correction. We may have momentum to break the trendline.

交易進行

Can resistance trendline turn into support ? Well first lets shift stop loss to breakeven and just wait and see

交易進行

Its a beautiful sight when we get majority of moving averages flash sell. only the 200 moving average remains as the bulls last stand defense.

交易進行

Bears continue showing their strength.