After a correction phase of 65% since feb 25th , the market is starting to look bullish for Fantom
As you can see we are having a descending triangle in which we are looking to breakout to the upside.
RSI:
We are currently seeing the rsi rising to the upside , with a breakout from the trendline on the 27th of March.
MACD:
Looking at the MACD we are heading...
A technical analysis based on the fibonacci retracement tool & combined with multiple tested support and resistance levels.
It's a short map on where certain structure levels are which you can use to determine on where the market is going.
After a correction phase of 20-25% , the market climb up and is dropped down again towards a support level.
As you can see we are having a ascending triangle in which the market will possibly breakout from and hits to the barrier of the resistance level of 34300 EUR from the ATH .
EMA 200/50:
Looking at the EMA of 200/50 it still confirms the upwards trend we are...
After a correction phase of 20-25% , we now are moving towards the resistance level of 34300 EUR from the ATH .
Looking at the EMA of 200/50 it confirms the upwards trend we are in ⬆️
Looking to the RSI the market buying more then it’s selling which gives a good indication along with the other indicators that we are in a upwards trend.
Now we know know we are...
