Fantom, second guess (part 1)
Hello everyone, obviously things didn't go quite as planned after this huge Bitcoin selloff, we're on a clear downtrend right now and left the previous channels i believed in recently. So i've started the charts from scratch and basically just drew all the ideas i could think of, all the coincidences that seemed interesting to me. So here they are, excuse the mess, hopefully someone could make some sense out of it. Not really sure what i'm doing here, just still trying to believe that Fantom won't be 0.14$ for a coin and we'll not go broke.
So, roughly speaking i'm expecting a strong support somewhere either right now at 1,42$ (0.618 fib level), at 1,14$ (so we have a nice double bottom) or somewhere around 0.94$ (at the huge support zone and 0.764 fib level). It's just some basic prices i see right now (could be more) and we have these dynamic channels and trendlines, so things can change slightly overtime. And obviously everything still hugely depends on Bitcoin's behaviour and Fantom's own fundamentals/news.
I'm far from being an expert yet, so feel free to doubt it.
Thank you, and let me know your thoughts.
(Can't post images yet, so i'm uploading it in a few parts, sorry)
So, roughly speaking i'm expecting a strong support somewhere either right now at 1,42$ (0.618 fib level), at 1,14$ (so we have a nice double bottom) or somewhere around 0.94$ (at the huge support zone and 0.764 fib level). It's just some basic prices i see right now (could be more) and we have these dynamic channels and trendlines, so things can change slightly overtime. And obviously everything still hugely depends on Bitcoin's behaviour and Fantom's own fundamentals/news.
I'm far from being an expert yet, so feel free to doubt it.
Thank you, and let me know your thoughts.
(Can't post images yet, so i'm uploading it in a few parts, sorry)
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