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Fartusdt

Fart is starting to recover.? Fart has dropped to the capitulation zone, but it looks like it has found the temporary floor and is starting to move to the upside. If the a daily candle moves and closes above EMA 21, the top ascending trendline, and the previous weekly high, I might consider to swing trade. But Daily MACD needs to entered the bull zone and daily stochastic has to be not in the overbought territory. What is going to happen to the crypto market all depends on the Bitcoin performance. Bitcoin is showing a sign of strength, however, it still has not taken the previous lower high. Until that happens, I will consider the market is still fragile and I will not be buying or trading any small cap coins like Fart.
CRYPTO:FARTCOINUSD
by EbonyFalcon
Fart is below the critical zone, but ...The previous daily candle closed below the previous month's low as well as the long held ascending trendline. Both 5D and Weekly momentum indicators and price action are strongly bearish. It seems that the current crypto market is heavily manipulated by market makers and it often happens on weekends when the volume is low. The price seems to drop sharply on Fri and Sat so I am being cautious with such price action and I have been avoiding opening and or closing a position on weekends. The Friday daily candle formed a big fat red candle below the critical zone, and it can trigger some people to panic sell. I might be wrong, but it seems manipulative move to me. As I said in my previous article, I hold a small bag of Fart coins. I don't leverage trade. I allocate a small capital in various meme coins. My approach is if it goes to zero or clearly goes to zero, I accept my fate. But if it goes up, I take profit when negative divergence forms in either the 4H or daily chart. Currently, the price is below the previous month low and below the trend line. However, the price reached Fib 0.786 and is hovering above that level. The price is at this stage holding that area. In my experiences, fib 0.236 and Fib 0.785 are quite stubborn areas for the price to penetrate. I look at these lines as the last line of defence for the bull and bear. I will continue to observe how the price will behave in the area marked in the blue rectangular block in the chart. All momentums are bearish so it is not the time to be buying, or get involved in any way! Do not buy the dip. If you are interested in investing in this asset, wait for the momentums to come back for the bull and buy the strength.
CRYPTO:FARTCOINUSD
by EbonyFalcon
1
Fartcoin: Navigating the Pullback for a Long EntryGreetings, traders, I'll forego an extensive analysis of Fartcoin's recent price surge and subsequent pullback. Instead, I'll offer a concise trading suggestion: Following a potential retracement to the $0.91000 area, prepare for a long position entry. Upon confirmation of a renewed uptrend after this correction, consider entering above the $0.96000 level. Profit targets are set at: $1.13000 and $1.36000 Implement a stop-loss order at $0.785, equivalent to your first profit target's distance from your potential entry price, maintaining a 1:1 risk-reward ratio. Happy trading! Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you could lose some or all of your investment. Conduct your own research and due diligence before making any trading decisions. I am not responsible for any losses incurred.
Long
by Arash-RK
1
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Fartcoin Analysis: Key Levels and What’s Next When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure. The 1.30 Level: Breaking Wind or Breaking Through? The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes. What Happens If 1.30 Fails? Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels. Scenarios to Watch Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations. Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses. Final Thoughts While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn. Trade safe, trade smart, trade clarity.
Short
by CryptoKnee