FC Barcelona Fan Token (BAR) - bullish divergence

On the above 1-day chart price action has corrected 70% since early August. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal prints.

2) Regular bullish divergence. 10 oscillators (including MACD) are printing bullish divergence with price action. Awesome.

3) RSI and MFI resistance are now broken.

4) The story is remarkably similar on the 1-day BTC chart (below) with a correction of 75% since the sell signal and now printing a ‘great buy’.

Is it possible price action falls further? Sure.

Is it probable? 10% to be technical.

Expect a return to the $30 area.

Good luck!

WW

1-day BAR/BTC chart

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What should be expected in the weeks ahead...

On the 4-day BAR/BTC chart below the slow 'd' Stochastic RSI (red line) is highlighted in blue. At this moment 'd' is crossing up 40.

Compare the crosses with price action, a minimum 50% move should be expected.

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A very impressive bullish divergence is printing on the daily chart. In actual fact, this divergence is printing across all fan tokens recently published. Fan tokens seem to be in the 'now', enjoy it while it lasts.

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For whatever reason, football tokens are going bonkers. You can't lose.

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on support