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Nov 12, 2020 6:59 AM

FTMUSD Possible Path Long

Fantom / US DollarBinance

Description

Fantom has had an impressive run in 2020. Per coingecko, it is up 948.2% from it's low of $0.00190227 in March. It's down ~64% off it's high of .055.

From the top, it's formed a falling wedge, bouncing off and staging a breakout. Volume has on the up since the bottom, and the trend and RSI are starting to shift.
Expecting it to reach that first .022 line before retesting the diagonal and continuing. If it's able to form the right shoulder, it'd finish the inverse h&s, which would make the chart very bullish heading into an alts rally.
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