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...
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The price has been able to break its resistance and is starting to move upwards. To buy, we have specified for you an area where we can place a purchase order.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
There is a Trading Signal to Buy in FTMUSD
Traders can open their Buy Trades NOW
⬆️Buy on 0.358 or buy on downtrend breakout
⭕️SL @ 0.22
🔵TP1 @ 0.60
🔵TP2 @ 0.80
🔵TP3 @ 1.15
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- FTMUSDT is printing a falling wedge (FW) pattern.
- This is a reversal pattern.
- A bullish pattern to be precise.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
Simple analysis but for big gains!
We're looking at mainly a fundamental here. Tomorrow the Fantom Foundation will present it's blockchain to the United Nations’ Central Bank Digital Currency (CBDC) Architecture Group. (March 11)
If we break the bottom trend line, trade in invalid. However as fundamentals are strong, I'll paying very close attention for an...