Flash crash in ETH took me by surprise, as most alts took a beatdown. Seeing support on the 1 month chart. Sometimes it's as simple as a yellow line :)
Fundamentals of FCT are powerful, and I'm adding more here. I believe it's oversold. FCTBTC
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Damn that was a hard bounce. Here's hoping we're done with the FUD for....a week or 2!
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An easy 15% (and more?) from a longer term trend line. That's it, nothing fancy. "paralysis by over-analysis" It's a disease....
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Safori
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Good looking out though (tips hat)
MarkCanna
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@wildbeast, Bold call after this picture perfect retracement.
Hyperwave
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The PUMP will continue tomorrow?
Safori
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Fingers crossed for this - agree that alts took a beating yesterday but FCT is among worst performers in the drop. Makes me skeptical about market sensitivity to the fundamentals (which are promising); too much new blood that's in for thrills means too many panic sellers. Idk what would change that given current market sentiment.
MarkCanna
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@Safori, FCT is very thinly traded...not much on buy or sell side. This makes it more susceptible to swings. Both downside and upside.