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FC Porto Fan Token / Tether

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PORTOUSDT trade ideas

PORTOUSDT.1DBased on the market data provided, the PORTO cryptocurrency, which is priced against USDT, is currently trading at 2.427. From a technical perspective, the Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day periods are 59.37, 70.37, and 63.69, respectively. This shows that the currency is neither in overbought nor oversold conditions, but it's close to the overbought territory on the daily chart (RSI above 70 is considered overbought). The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is positive on all three time frames, indicating a bullish trend. The Bollinger Bands (BB), which are volatility indicators, are at 2.478, 2.516, and 2.516 for the 4-hour, 1-day, and 7-day periods, respectively. The current price is below the upper band in all cases, suggesting it's not overextended. The support levels, which are prices at which demand is expected to be strong enough to prevent the price from falling any further, are 2.382, 2.300, and 2.180 for the 4-hour chart, and 2.161, 1.863, and 1.815 for the 1-day chart, and 1.894, 1.720, and 1.537 for the 7-day chart. The resistance levels, which are prices at which selling is thought to be strong enough to prevent the price from rising further, are 2.492, 2.617, and 2.694 for the 4-hour chart, and 2.166, 2.461, and 2.845 for the 1-day chart, and 2.637, 3.429, and 4.130 for the 7-day chart. In my opinion, while the bullish trend is positive, the near overbought conditions on the daily chart could signal a potential short-term pullback. However, the strong support levels and positive MACD on all time frames suggest that the overall uptrend may continue. As always, it's important to factor in your risk tolerance, investment goals, and market conditions when considering investing in cryptocurrencies.
by MarsSignals
PORTO Basic Trend. Psychology. Volatility or super ticker?Logarithm. The time interval is 3 days. Cryptocurrency as an example. Cryptocurrency with high volatility (low liquidity) for dump/pump strategy. Primary trend — horizontal channel. Secondary trend — descending wedge. Local trend — consolidation after a wedge breakout. Line chart without “market noise” (volatility, squeezes). Immediately want to note that low-liquid cryptocurrencies better still trade on liquid exchanges, otherwise you are already your deposit succumb to a huge risk trading on exchanges with a small total turnover of funds (survivability, competition). Psychology. Volatility and market cycles are your friend, not the ticker name! . Notice what % the price slippage was. This was leaked to the market by the creators of the phantik (just in case), everything can be tracked on the blockchain, any sale at any price is profit. Everyone does it, but with such low liquidity, it's very visible on the chart as well as on the blockchain. It's not something "scary", it's normal behavior of smart people who "don't believe in crypto wrappers", not just someone else's, but even their own. Unlike stupid market participants who determine the value of a particular cryptocurrency, with the help of a particular cryptocurrency ticker (legend of usefulness to the industry). Because of this, there are thousands of phantoms and such market participants make up whole herd sects (they are entertained by selling "nothing" and making real money on the belief in crypto projects). I think every market participant has their own set of phonies in their portfolio. I'm sure a larger percentage of cryptocurrencies are the ones that "youtube and telegram bloggers are talking about" and not through their own independent analysis. But you have to realize that everyone's cryptocurrency combinations are different..... because there are more than 13,000 alts...... Generally, cryptocurrencies rise behind the general trend of the market, and some will occasionally "overtake the market" and then deflate to the general trend..... You can play around with this and "wait for the overtake". It is very important not to get attached to the ticker name (real or not real scam). The desire to get rich with a "special cryptocurrency" clouds the mind....
Education
by SpartaBTC
2
#PORTO/USDT - Long - Potential 35.61%Style: SWING Direction: LONG Market: SPOT Risk: 0.25% - 1% EXCHANGE: BINANCE #USDT_PORTO TIMEFRAME: 720 ENTRY: 2.7392 ⎿ TP2: 3.714 ⎿ TP1: 3.2266 STOP: 2.2518 Fan tokens getting a nice lift. PORTO has decisively broken a downtrend with significant volume. <ight retrace slightly following RSI if you want to hold out for a better entry. Fan token pump may be coming from CHZ surpassing 2m wallets and the impending launch of CC2 plus ecosystem.
Long
by CryptoNicho
3
PORTO +282% after BULL signal 🚀🚀 Retrace imminent?PORTO pumped 282% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background). RSI at 88 is overbought. I do not see any bearish divergences forming on the RSI Brown or RSI on this chart. Although I expect a retrace to be likely before another run up. It really depends on BTC going sideways instead of going down more. If we take a look at the Average Directional Index ( ADX DI) its still in the bullish zone. Currently PORTO is way above its Basis Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well. A healthy retrace first, before another run up to is a possible scenario. But it most likely needs BTC to go sideways for this to happen. Buying here is NOT recommended. Support and resistances are highlighted as grey and light green horizontal blocks. Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
by Kch28