I think it is in for a major drop. I played it earlier this year when I recognized how bullish it was and doubled my money. But the prototype blockchain for the Afghanistan Chamber of Commerce was due out last month I believe? I haven't been following the fundamental news on Fantom for a couple of months now so I don't know what's next on their agenda, but I think that was the biggest driver of it's insane run-up in the months preceding.
And indeed, looking at that chart.... ouch
eBlockChain
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@ClearOpenDoor, the Afghanistan thingy materialized as scheduled... although personally I was surprised then that it was something significant. I traded it twice this year... very profitable ride it was. Let's see what's in the cards this time.
ClearOpenDoor
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@eBlockChain, Yay! I'm glad they were able to pull through. That was one of the first coins I honed my technical analysis skills on. Many mistakes were made yet it was so bullish I still made money. Very nice.
Ummm, is it just me or does btc look like it's on life support rn and someone's just about to pull the plug? *laughs nervously*
ClearOpenDoor
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@ClearOpenDoor, On a side note the Afghani whales need to refine their accumulation tactics! It was blatantly obvious what they were doing, so much so that even a novice trader like myself was able to catch on, wait for the right pullback and jump in.
And who says there's no free rides in life? hehe ;)
eBlockChain
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@ClearOpenDoor, Afghan whales! I never thought I'd see these two words in a sentence. Unfortunately the stereotype of Afghanistan only comes with negative words associated with it. I am not sure if they have internet there.
And indeed, looking at that chart.... ouch