Long

Feathercoin Ascending Channel

Updated

Feathercoin is a highly voltaile coin which has been trading in this steep ascending channel.

It could potentially bounce up to top of the channel.

I have entered a small position at 2350 and am looking to sell around 2600.

Best of luck out there!

Note

In light of the fat wall at 2600, I have cashed out for a nice gain of 9%. :)

TRADE CLOSED

Note

Forgot to mention in last comment - the price I cashed out was 2540

Note

Things aren't looking to hot for FTC - may spike downwards

Note

4 Hour Timeframe:

This next candle could potentially be a Dark Cloud Cover Pattern or a Bearish Engulfing Candlestick. Be careful!

Note

Dark Cloud Cover Candlestick Pattern CONFIRMED!

I'm expecting some downside until I see a bullish reversal candlestick pattern.

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Here's what I see on the 30 minute time frame.
Feathercoin is currently trading in an equilibrium pattern.

If it can break 2350 sats, then expect a test of 2550 sats price level.
If it falls below 2200, then expect more downside.

Note

Excuse me, that last chart was the 15 minute chart - sorry about the typo.

Note

Actually, I believe I drew that resistance level wrong - it should be at 2372

Currently trading between 2200 - 2372 range.

Note

Feathercoin was able to test 2550 and was rejected. Profits locked in :)

TRADE CLOSED

FatMoneyBagz

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