Falcon Finance $FF went on main-net from Binance alpha to multiple top exchanges included Binance. Investors are keeping there eyes on $FF . The are alots of reasons behind it.
Technical Point of View.
@Falcon Finance is moving inside a falling wedge pattern. $FF has found support near 0.09$ and now forming multiple green candles on daily time frame making slow upward move. Falcon Finance will soon retest the descending resistance trend line. If it will break above this trend line we can expect a short term rally towards 0.12$.
Trading indicators are showing that the demand is being increase.
Relative strength Index RSI is at 37 higher then the level of oversold and lower then level of neutral 50, aiming upward indicating that the price could increase.
To keep the bullish momentum falcon finance should sustain the rally and maintain the RSI above 50.
While Moving Average Convergence Divergence MACD blue line has flipped the orange line making a bullish crossover indicating that the momentum is being shift from bearish to bullish.
As per the current market condition this could bring short term rally in the price of Falcon Finance, making prediction for long term isn't possible atm due the less data on chart and the current market condition is unpredictable if somebody wants to play a short term swing trade Falcon Finance is recommended.
another reason behind the upcoming price boost in FF is that the many Crypto influencers are promoting Falcon Finance on different social platform this can attract many investors and result in drastic pump so keep an eye on it and don't forget to do your own research.
