Fantom broke out a few hours ago on a Falling Wedge with a price target of $2.31.
At the moment of typing, the bulls are somewhat held back by the bears at $2.15.
This is then the 4x that the resistance line is put to the test so who knows, it might work now.
If it turns out positive and the bulls manage to break through the $2.31, there is room to move to an ATH (All Time High) ($2.44).
But when the bears wake up and bring the price down, I'm looking towards $2.02.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
At the moment of typing, the bulls are somewhat held back by the bears at $2.15.
This is then the 4x that the resistance line is put to the test so who knows, it might work now.
If it turns out positive and the bulls manage to break through the $2.31, there is room to move to an ATH (All Time High) ($2.44).
But when the bears wake up and bring the price down, I'm looking towards $2.02.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Tims.Technische.Analyse by TIMTIBBO