Final chart of the day. I think fan tokens are a hugely overlooked narrative and they are all forming beautiful Wyckoff accumulations. Volume is huge at these levels, marking the likely bottom. First target for the spring for BAR is $5.49 but could reach $7. Expect a retest of or near to the range low before blasting off from there to at least $24.8 - probably much higher in the end
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If anyone is listening, these fan tokens have consistently pumped when BTC dominance spikes up - in other words, against the rest of the altcoin market. Personally, when I exit other tokens in profit, I am parking the cash here so it is still in the market and may even make money when the rest of the market dips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.