Fantom two ways
Fantom is one of the only coins still in a mainly bullish trend. It has tested the $3.3 level, which is its ATH, and retraced to the .272 FIB level.
Seeing as the market trend is not terribly bullish and we're testing the ATH, there are two ways to play this:
1) Aggressive: you enter now or at another retest of the .272, making it risky as we have the ATH and $3 (psychological level) to break.
2) You wait for a break of the ATH and after that a clear retest upon which you enter.
Either way, I will be looking for a bullish crossover on the Stochastic RSI.
Seeing as the market trend is not terribly bullish and we're testing the ATH, there are two ways to play this:
1) Aggressive: you enter now or at another retest of the .272, making it risky as we have the ATH and $3 (psychological level) to break.
2) You wait for a break of the ATH and after that a clear retest upon which you enter.
Either way, I will be looking for a bullish crossover on the Stochastic RSI.
Related publications
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.