Hello Traders!
- Fantom price has two trade opportunities, one for the long side of the market and one for the short side.
- On the long side we have #FTM on 1D time chart creating an ascending channel making higher highs, zooming into 4H we can clearly see a reversal downtrend taking place after a double top around 26-28 October flashing a bad sign for buyers , since then price action got into an descending channel making lower highs. In order to take the price higher bulls should protect their strong support 2.5$-2.6$ ( demand zone ) to reach resistance level on 3.0$ pushing forward to break this level where our trigger confirmation sit around ( orange zone ) above 3.1$ ( entry position ) taking then our price around 3.95$ - 4$. if succeed we can confirm our potential bullish reversal.
-On the short side , if buyers failed to protect strong support on 2.5$-2.6$ then sellers will come over and take control taking price towards 2.2$-2.3$ levels even lower towards 2.0$ support zone, yet this scenario isn't likely to happen since #FANTOM have some many upcoming events and updates check below :
- Fundamentals analysis :
-The coin may already be down by 17% in the last 72 hours, but it also has the 1874% rise of the past two months to back it.
-Plus its recent integration of Q3Swap and the announcement of JustLiquidity’s upcoming Visa Card which would include only #BTC, #ETH, #USD, #FTM,
and recently 0x project which crossed $100 billion in all-time volume also went live on Polygon. These are all basically a driving force for attracting more participants onto the network ( more tradres numbers are coming in give us a view of an constant network growth )
Good luck traders!
- Fantom price has two trade opportunities, one for the long side of the market and one for the short side.
- On the long side we have #FTM on 1D time chart creating an ascending channel making higher highs, zooming into 4H we can clearly see a reversal downtrend taking place after a double top around 26-28 October flashing a bad sign for buyers , since then price action got into an descending channel making lower highs. In order to take the price higher bulls should protect their strong support 2.5$-2.6$ ( demand zone ) to reach resistance level on 3.0$ pushing forward to break this level where our trigger confirmation sit around ( orange zone ) above 3.1$ ( entry position ) taking then our price around 3.95$ - 4$. if succeed we can confirm our potential bullish reversal.
-On the short side , if buyers failed to protect strong support on 2.5$-2.6$ then sellers will come over and take control taking price towards 2.2$-2.3$ levels even lower towards 2.0$ support zone, yet this scenario isn't likely to happen since #FANTOM have some many upcoming events and updates check below :
- Fundamentals analysis :
-The coin may already be down by 17% in the last 72 hours, but it also has the 1874% rise of the past two months to back it.
-Plus its recent integration of Q3Swap and the announcement of JustLiquidity’s upcoming Visa Card which would include only #BTC, #ETH, #USD, #FTM,
and recently 0x project which crossed $100 billion in all-time volume also went live on Polygon. These are all basically a driving force for attracting more participants onto the network ( more tradres numbers are coming in give us a view of an constant network growth )
Good luck traders!