We’re getting close to the 30 mark on the RSI as well as coming to the bottom of a falling wedge. Sentiment reset and liquidity is flushed. Will we break out to the upside?
Comment:
Breakout on the descending wedge failed. You can use Fib retracement to find points of liquidity in the chart for buy opportunities. When the sentiment turns extremely bearish, in a bull market, it often marks the bottom of a correction. If you look at historical Fantom price action, it's defined by massive swings and extended moves.