FCT is a coin of the week by John McAfee.
Technical analysis:
EMA200 was acting as a strong resistance since September. Now we can see a breakout with a huge increase of volume. MACD also gives a confirmation signal.
RSI is already in overbought area, we can expect a small pull back in price, which could be a nice buy opportunity.
Buy area: 0.0045-0.0055
Stop loss: 0.0040
Profit targets:
1. 0.00744 - 35%
2. 0.01000 - 82%
3. 0.01139 - 107%
3. 0.01360 - 144%
It's a good practice to set your sell/buy orders not on even levels. A few Satoshis below will not decrease your profit, but your order will be filled quicker. People tend to love big even numbers so be smarter! :)
If you like the analysis or you have any comments or feedback please let me know. I would really love to hear your opinion !
Cheers!
Technical analysis:
EMA200 was acting as a strong resistance since September. Now we can see a breakout with a huge increase of volume. MACD also gives a confirmation signal.
RSI is already in overbought area, we can expect a small pull back in price, which could be a nice buy opportunity.
Buy area: 0.0045-0.0055
Stop loss: 0.0040
Profit targets:
1. 0.00744 - 35%
2. 0.01000 - 82%
3. 0.01139 - 107%
3. 0.01360 - 144%
It's a good practice to set your sell/buy orders not on even levels. A few Satoshis below will not decrease your profit, but your order will be filled quicker. People tend to love big even numbers so be smarter! :)
If you like the analysis or you have any comments or feedback please let me know. I would really love to hear your opinion !
Cheers!