✴️ Fantom Full Correction (Name Your Altcoin)

Fantom grew around 300% from Nov. '22 through Feb. '23 and it started a very long, drawn-out correction.

While this can be boring and surely maddening, it is still technically bullish as it trades at higher lows compared to the November 2022 bottom support (grey on this chart).

The MA200 line curving down, pulls prices up.
We can expect a recovery soon... Within days or maximum a few weeks...

I would say days because the 28 of October is less than 2 weeks away.
Fantom will grow together with the start of the next bullish wave.

Namaste.

Comment:

While there is obviously some struggle at EMA300 (gray), there has been a decisive break of MA200 as resistance... We can see FTMUSDT safe above this level:

Look back to January 2023, above MA200 is bullish territory.

We are looking at the beginning of a major bullish trend, higher highs and higher lows long-term.

Namaste.

Comment:

A new high has been hit today. Fantom (FTMUSDT) hits its highest level since May 2023.
Notice the low hits 19-October, the same date this trade idea is shared. Great timing on this one.

114% & Growing. I've updated the Fib. levels to show additional targets.

The second target has over 100% potential still left.

Comment:

+594% so far...

I am looking at the weekly timeframe and it shows room for additional growth. Just remember, the higher it goes, the riskier it becomes.