Front broke out of this major resistance line, which is a bullish signal. The buyers are now taking control of the price. I believe Bitcoin is out of danger for now. That means FRONT can go up without problems.
No doubt that Frontier is one the the top undervalued crypto right now.. last push was very cool for all early adopters.
What is Frontier :
“Frontier is a chain-agnostic DeFi aggregation layer, which is already connected to all, and I do mean all of the major platforms and ecosystems in the DeFi space. Frontier brings essential pieces of DeFi to users across...
Front has broken out to the downside of a triangle and is still working towards meeting the measured move. Since this is a newly pumping token I hardly think it could cut below the 0.786 retracement. This is a great area to buy and there is a potential for more than 650% upside! The idea invalidates if price somehow manages to push low enough to retrace all of wave 1.
We are a critical place right now for FRONT.
1. We have some very strong and positive fundamentals being spread right now.
2. We are forming a triangle, which can give us one of two options. Either a break to the upside where we will retest and possible break ATH’s or a complete breakdown to the downside.
3. If you bought recently, keep your...
FRONT nudging out of it's descending triangle. I believe this is bullish and a potential entry with a stop loss around 10 - 15% depending on your confidence and position size.
I already have a position in major profit and am holding LONG. Profit target is another 100%++ since I already took profit even higher, and am holding for a ride.
Frontier has confirmed a wave 3 and now forming a triangle that will push the price to 1.5765$
Here are some potential targets for main Wave 3.
Exit target for Wave 3 (Risk Management)
361.8% - 2.81$
2.61.8% - 2.10$
1.61.8% - 1.39$
Please not that the current circulationg supply for FRONT is very low : 26 855 007 FRONT
The max Supply for FRONT...
Front made a 2x double bottom on the daily chart and is about to confirm a double bottom on the 4D chart.
We will now seeing a little pull back in the interwave 2 but after we should expect a breakout to 4.52$ on the 161.8% which is a top target for a W3.
At least short term we can expect 3.80$. What let me thing trend is reversing for FRONT? The 2x...
FRONT consolidating in a potentially bullish descending triangle if it breaks out positively here. It is finally hitting strong resistance at previous local high and I expect strong buying pressure here.
If it breaks down below the triangle, that is a bearish sign.
I have a position and am up 170% here. Took some profits around 300%.
Looking to reclaim...
Front on Fire
Frontier is a chain-agnostic DeFi aggregation layer. With our applications, users can participate in protocol tracking and management, staking, liquidity provision, CDP creation & monitoring, and ....
FRONT cryptocurrency is exiting from the accumulation zone, you can spot bullish divergencies on several indicators but MACD data is my favorite there. MACD looks very strong. I won't be surprised when we see a quite sharp rise in the price there. The main issue for now is a lack of volume, though.
So, it's a great trade from the R/R (>3) point of view
Spotted here symmetrical triangle with price manage to push down and the target is shown on the chart.
Make sure to follow every advice given on the chart for your trading decision.
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It will be good to always understand risk...