Fantom. USDT
1) Fantom left the upward trend at point A.
2) After the pullback, it continued its downward trend.
3) RSI. On the weekly and monthly time frames, it is not very interesting, it is at the overbought point.
4) In the time frame of one hour, it is normal and almost suitable.
5) But it is in the best position in the daily and 4-hour time frame.
The result:
I don't recommend for new entry, but for people who have Fantom, holding until the B point and at least around one dollar is the best option.
(Considering that it tried to break out of the downtrend line 3 times in the 4-hour time frame.
In addition to that:
It has positive divergence in the 4-hour timeframe.).
2) After the pullback, it continued its downward trend.
3) RSI. On the weekly and monthly time frames, it is not very interesting, it is at the overbought point.
4) In the time frame of one hour, it is normal and almost suitable.
5) But it is in the best position in the daily and 4-hour time frame.
The result:
I don't recommend for new entry, but for people who have Fantom, holding until the B point and at least around one dollar is the best option.
(Considering that it tried to break out of the downtrend line 3 times in the 4-hour time frame.
In addition to that:
It has positive divergence in the 4-hour timeframe.).
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