CryptoScripts

FTM Pumps Higher! What Levels Are Next?

Long
BINANCE:FTMPERP   FTM Perpetual Futures Contract
FTM has been quite the outperformer today pumping more than 15% and leading the charts on Coinmarketcap! Let's take a deep dive into some technical analysis and where my current targets lie:

1. Looking at the 12h chart for Fantom, we can see the Whales buy-sell indicator flashed a buy and combined with our RSI that was also over the signal line, that gave us our entry at 0.18. Since then, it's pumped over 33% :)

2. The next big resistance level for FTM is 0.245. This coincides with our previous resistance on Oct 31st. I'm watching this level closely and starting to take profits as we are very over-extended. I would look towards the 0.21 level if you're thinking of entering. That was key support on Oct 28th and was previous resistance turned support on Nov 11th. If it falls through that, then 0.19 is your next bet as it was previous resistance turned support on Nov 16th.

3. I believe FTM still has room to run this year as Andre (founder of Fantom) has been publishing various articles confirming it's longevity and continued progression in the space.

If you enjoyed my TA, please give this article a boost to help spread to the masses! And if you have any questions about my TA or indicators used, leave a comment please or send me a PM :)

Thanks for reading!

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