Trading-Mechanics

FRR May Explode Soon!

Long
KUCOIN:FRRUSDT   Frontrow / Tether
Hi Traders.
This is my personal opinion about FRR and Don't Use It As A Financial Advice.

Based On Many Reasons, I believe FRR Will Experience A Sharp And Huge Upward Move Soon.
Targets :
0.00016
0.0025

1- As You Can See In The Chart Below, It Touches The 1.618 Trend-Based Fib Extension With The Most Huge Volume That Ever Recorded For FRR. 0.0001 IS Also Known As A Psychological Support Level Too. Seeing Such A Huge Volume Exactly On the 1.618 Level, Is A Sign of a Possible Reversal Move.

2- Obviously, It's Forming a Great Bullish Rsi divergence in The Weekly Timeframe That Could Be Another Sign For This Possible Upward Move.

3- Believe it Or Not, There is An Unwritten Rule About The Ichimoku. The Price Always have desire to Go Back And Touch ( Fill ) The V Shaped Tenkan-Sen Or Even Kijun-sen! Mark My Word. As you Can See In The chart below, There Is a V Shaped Tenkan-Sen That Needs To Get Filled On The 0.0025 soon Or Later.

4- In The Fib channel Below, The Price Is On the Middle Of This channel And As You May Know, The Middle ( 1.5 Fib Level ) Is Always Consider As a Support. If It Breaks, The Next Target For The Fall Would Be 2 Fib Level Which is Around 0.00004-0.00005 And It's The Mega support.

5- Keep It simple Guys! The N Shape Classic Patterns Must Complete! The Downward Move is Going to End And The Corrective Wave Must be Formed. The corrective Wave is The Upward And The Last Part of This N Classic Pattern!

6- Look At The Reverted Chart. obviously It's On a Strong Resistance! If It Was the Right chart, You Would Buy it at This Level in Hope of a Break-Out And Think That It Goes For Fly To The Moon And Never Stops?! Think about that...

7- If You Look Into The Community of This Shit-coin, You Can See Everyone is Screaming And Crying and Make Rumors And Nonsense! This is Another sign that The Bottom Is Forming Or We are Very Close To it!

Anyway, Until FRR Is Below This Main Resistance in Daily Timeframe, The Trend Will Remain Downward. In Order To Reverse The Trend into a Sweet Long-Term Upward Move, It Needs To Break This Main Resistance.
Any short-Term Upward Move will Consider As Just a Corrective Wave and The Trend Will Remain descending.

Once Again, This Was Not a Financial Advice And Do your Own Research, Specially For such a Shit-Coin That Could Get Delisted From Exchanges At Any Moment!




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