Fantom is in a delicate position. a break below the support trend line would cause a further drop in price.
There is a probability that it may bounce and break the resistance trend line.
Everyone was bullish on Fantom in September because of the proposed launch of their mainet on the 30th of September. But unfortunately it was postponed and btc's movement had...
Looking at the previous chart i posted in april below, btc is moving as charted, comparing it to the last bull run.
The Stoch RSI still shows we have more buyers and the asset is not over-sold yet on monthly time frame
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There is probability that we are in the beginning of a bull market. That doesn't mean we wont see some dumps or retest of supports. Comparing the present time with the previous bull run, we have similar chart setups and Stock RSI shows a change in momentum.
Will BITSTAMP:BTCUSD dump to 2k or 1k level as predicted by many? Share your thoughts in the comment...