After price broke above this massive triangle, made it support, FTM is pumping like a pro.
As we are in price discovery this can go very high, very quickly, however if you ask me, one has to pay attention to the levels under $4 as those will likely provide some resistance.
The Fib extension at 161% shows $3.8 as a key level, so watch price in that area.
Has Fantom FTM reached its peak or are we going above the All Time High? Fantom is up over 1200% since the initial EngineeringRobo Signals. The FOMO and FEAR zone has us really keeping an eye on this token.
That's why I often prefer to trade FTM more than others.
It reacts to Fib levels, static/dynamic support/resistance, and moving average respectfully.
On the other side, it's fantastic for holding.
Now we are in a correction phase, I'm waiting to buy even more on Fib levels again.
Around a week ago I made an analysis on FTM. Here I argued that FTM was trading in an ascending wedge pattern, which is classically a bearish reversal pattern. Furthermore, I noted that the path of least resistance would be for FTM to break through the top resistance and make it's way to...
as you see the bulls are a bit tired and we have a bearish divergence with downtrend RSI (we may have not a pullback to curent level) so Im going to short it!
+ i dont have a good feeling about BTC right now :)
Leave me comment and tell me what you think about this idea!
(consider i am a beginer trader)
Fantom desperately wants $3, and it looks like we should finally get it either tonight, with a break-out from this 2-week channel, or within the next few days as this trend continues.
I am very new to this, so any feedback/comments/etc are widely accepted & appreciated!
We see support at 2,85 now (our third target that was reached) and is now support to probably be checked and next level to take more profit at 4$
we had called Fantom a 'Good way to buy the dip'
Called the correction perfectly here ...