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Z4F4R
Apr 8, 2024 8:31 AM

FTM Rebound After Finding Support, a buy opportunity.  Long

Fantom / U.S. dollarBitstamp

Description

Fantom (FTM) bulls may be catching their breath after a recent price dip. FTM found support at $0.80 on the daily timeframe chart, following a fall from a high of $1.22.

If FTM breaks above the current resistance, key levels to watch include:

First Resistance: $0.94 - A successful breakout above this level could indicate further bullish momentum.
Second Resistance: $1.023 - Surpassing this resistance could be a significant step towards revisiting the previous high of $1.22.

Comment

Price fallen after my second resistance prediction $1.023

Find support on daily trend line pattern at $0.57

Price will be back-and-forth range between $0.60 to $0.80 (as $0.72 > $0.80 resistance)

Comment

FTM is exhibiting positive indicators, with a breakout above $0.94 potentially driving the price to $1.90.
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