FoldingCoin (FLDC) In A Potentially Good Position
The key for me for profitable swing-trading is avoiding bets that go against the trend. That means when the general trend is moving up, I only look to catch the bottom of a channel for long (buy) opportunities (as opposed to trying to short the top of a channel).
As you can see in the chart, FLDC is in exactly this position of being at the bottom of its channel during an upward movement. I expect to see a strong move upwards once the accumulation period has ended and price closed about the 20 EMA. Note that I wouldn't be surprised to see the move stopped momentarily at the trend line crossing the previous high (600-650) before continuing towards the top of the channel.
As you can see in the chart, FLDC is in exactly this position of being at the bottom of its channel during an upward movement. I expect to see a strong move upwards once the accumulation period has ended and price closed about the 20 EMA. Note that I wouldn't be surprised to see the move stopped momentarily at the trend line crossing the previous high (600-650) before continuing towards the top of the channel.
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