Fantom (FTM)

SaeedSalehinia Updated   
Fantom needs no introduction, a popular project which maintained its usefulness as well as high trading volume. After FTM price skyrocketed, a corrective wave started which seems ended at 0.382 Fibonacci retracement. The 0.382 area is a strong and important one since it was able to supported price several times; if this area breaks downward, for any reasons, the grey line below can come to rescue. Anyway, it seems an upward impulse wave has started and currently price consolidating in a triangle shaped pattern. If price breaks this consolidation area upward it means continuation for the impulse wave. Let's see what happens.

There is a pattern that does not happen very often, but when it does, it can lead to rapid ascent or pump. It's a double triangle pattern and it seems it might be happening in FTM, so keep an eye on it.

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