I suppose that Fantom needs to see 2$ again! Due to the special resistance area, macd negative divergence and also I see a kind of -Double Top- pattern being formed.!
*It's just an idea. I'm really eager to see your own ideas >_-
-Good Luck-
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UPDATE: The price jumped 31% after bull signal. FTM broke resistance at 2.45. Touching 3.15 USDT. Price is above Ichimoku cloud. Which is bullish.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently FTM is in an uptrend. Remember...
FANTOM IS LAGGING TODAY, ATTENTION AND MONEY IS LOOKING ELSEWHERE AND SOME PROFIT TAKING MIGHT BE TAKING PLACE.
Nevertheless, 2.9 is SUPPORT and it should Hold.
Prediction from us is for 4$
One Love,
the FXPROFESSOR
- high RSI
- about to be a bearish TK cross
- could drop to the bottom of the ichimoku cloud or even the next fib level which is just under the ichimoku cloud
Fantom has a well established uptrend against btc.
Currently sitting in a resistance zone in yellow on the chart.
If yellow zone is gained look for retest before targeting fib levels above 3.68 being the first target.
If rejection then target 2.59 and if 2.16 is lost the 1.93 then 1.48 and so on.
Trade Safe!
The double bottom pattern is visible in the chart, I have inverted the chart to have a better understanding of this chart, the second attempt to break the floor failed and now it is time to climb but our chart is inverted, so climbing means descending...
Interesting 3H Bear Divergence. Will it correct, rebound and breakout to $3.5 by end Jan or with retest previous low of $2.2?
Let's see,,, ,,, NAF DYOR
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSD).
The chart is self-explanatory. The price is at the top end of the triangle pattern about to reach the resistance line. It is above the 20,50, 200 MA (simple moving average). It also is above the Ichimoku Cloud so if price immediately falls, it may get...
HELLO FRIENDS
This can be a pullback to the broken area. If you intend to enter, you must wait for two stable candles above 3.13 to be created
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Fantom: A recent DeFi winner.
We tend to be good at picking winners (way more than picking losers that is!)
Fantom has been great to us and has allowed us to take profits when the market was still correcting last month.
Yest our expectation is to see the price at 4$ where it belongs (in comparison with the competition and their market caps).
