Fantom hanging around all time low. Time to step in?
Tricky altcoin technical analysis, but it’s about Fantom (FTM).
We’ve been posting this one from Coinigy, but I’d want to post it on TradingView to see how this one unfolds.
In general I’m assuming that we’re seeing pretty interesting range retests on altcoins, especially Cardano, EOS and Monero.
This also means that if Bitcoin remains above $9,400-9,450, the altcoin fiesta can just continue.
Crucial factor for FTM -> hold the green zone around 90-92 satoshis.
As long as that holds, I’m expecting to see ourselves making a double bottom structure in which we break back in the range above 120-125 satoshis.
Closing HTF below 90 satoshis and we’re in price discovery, which means that I’m only interested until we flip this level back as support.
If we hold, targets can become 160 and 180 satoshis.
We’ve been posting this one from Coinigy, but I’d want to post it on TradingView to see how this one unfolds.
In general I’m assuming that we’re seeing pretty interesting range retests on altcoins, especially Cardano, EOS and Monero.
This also means that if Bitcoin remains above $9,400-9,450, the altcoin fiesta can just continue.
Crucial factor for FTM -> hold the green zone around 90-92 satoshis.
As long as that holds, I’m expecting to see ourselves making a double bottom structure in which we break back in the range above 120-125 satoshis.
Closing HTF below 90 satoshis and we’re in price discovery, which means that I’m only interested until we flip this level back as support.
If we hold, targets can become 160 and 180 satoshis.
Comment:
R.E.K.T.
Trade closed: stop reached