After yesterday's major sell-off, crypto as a whole is reversing strongly. FTM's channel support held strong, which means that the current trend has shifted from bearish to bullish.
Current target would be the top of the channel. Always keep an eye on BTC when trading alts.
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
What Is🌟 Fantom ( FTM ))🌟?
The Fantom Foundation was founded by South Korean computer scientist Dr . Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong,its a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi)...
FTM is currently well on its way of producing an inverse head & shoulders pattern. Both neck- and shoulder lines are at the same horizontal level, making it a "perfect" head & shoulders.
Mid-term target would be around 0.4. Keep an eye on BTC when trading alts.
The FTM Network just announced today that they have grown from 3 million transactions 2 weeks ago on mainnet to 10 million transactions today... it's an insane amount of ETH network related activity moving over to the next gen Layer 1 protocol.
FTM is about to bend matter again as the continuation pattern...
Finally something that moves in this boring market.
This 11% pump made it look like it's a little late to enter but I still see potential.
I'm positive that we can open long positions on this coin right after the closure of the first 4H candle above that resistance line I set on the chart.
Current Market Price: $0.3315
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Good Project = Future Good Gains. Looks very strong right now.
What Is Fantom (FTM)?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract...
Fantom recently tested the 78.6 fibonacci level and previous structure that we had marked out since April. As price has created higher lows, we could potentially be on the verge of a breakout. One thing to note is that price looks very corrective moving up so we could see price come back down to create a double bottom before moving up.
If the ascending trendline...
I`m not that good in Elliott wave , but this is just an analysis #DYOR , I`m just sharing my opinion.
Waiting for wave 5 to complete to reach the blue zone area for buy position and we can bounce from there.
Good luck !