The upward pattern is being confirmed.Fartcoin analysis update

After a long downward trend, fartcoin has completed its return pattern and is now on the verge of breaking the ceiling of this pattern. This failure could signal the beginning of a new upward trend. If the price can break this resistance upwards and then make a pole, we expect a good buying opportunity to make a pole.

Proposed long position

Entry point: after the failure of the resistance, ۰ 0.39 and the confirmation of polbeck.

Loss limit: price stabilization below the ۰ 0.28 level

Objectives: the first target is ۰ 0.70, the second target is  1.20 and the third target is 2.10

Risk to Rivard ratio: 1 to 4

Given the available risk, it is better to allocate a maximum of 2% of the capital for this transaction. Upon arrival, if the first goal is reached, part of the saved profit and the loss limit is transferred to the entry point.