Hello everyone, i already have a bunch of ideas on fantom (check them out in my profile, if you need a little more details), but here are some of my new discoveries.
I personally thought that fantom could fall a little deeper yesterday and now i kinda see why it didn't (aside from today's fed/btc news): looks like the price touched some major fib-channel and gann support points and didn't really want to fall lower.
As always: everything is HUGELY depends on bitcoin, as fantom shows full correlation with it at the moment (the bottom indicator), so it follows btc literally every step, second to second, just does it in its own amplitude, which is good and bad at the same time. So if we're talking about the new overall market uptrend, i believe fantom could show some new aths as well, this pump today looked pretty good already, which makes me believe that the coin still has its power, just doesn't show it when everything's in red.
So if everything's finally good again i think ftm could go somewhere to 3,8 and it also could be a pretty modest goal. If it does, the next targets would be ~4,2-4,5 and then, who knows..
Completely oversold rsi with its bullish divergencies looks promising as well. There are quite a few positive things to talk about. Yes, some people talk about huge h&s pattern, i could see it too, but could the price really drop to ~0,2 (or wherever) and turn a few billions of market cap to dust? I personally reject to think so.
I personally thought that fantom could fall a little deeper yesterday and now i kinda see why it didn't (aside from today's fed/btc news): looks like the price touched some major fib-channel and gann support points and didn't really want to fall lower.
As always: everything is HUGELY depends on bitcoin, as fantom shows full correlation with it at the moment (the bottom indicator), so it follows btc literally every step, second to second, just does it in its own amplitude, which is good and bad at the same time. So if we're talking about the new overall market uptrend, i believe fantom could show some new aths as well, this pump today looked pretty good already, which makes me believe that the coin still has its power, just doesn't show it when everything's in red.
So if everything's finally good again i think ftm could go somewhere to 3,8 and it also could be a pretty modest goal. If it does, the next targets would be ~4,2-4,5 and then, who knows..
Completely oversold rsi with its bullish divergencies looks promising as well. There are quite a few positive things to talk about. Yes, some people talk about huge h&s pattern, i could see it too, but could the price really drop to ~0,2 (or wherever) and turn a few billions of market cap to dust? I personally reject to think so.