FTM Fantom 1H - Something is brewing
I am reviewing the Fantom 1H chart and noticing the price hovering around the bottom of the long upward channel. In the prior small descending channels there has been two touch points and then a breakout into a rising consolidating pattern before a parabolic breakout. It seems that we may gearing up to meet the top of the current descending channel before possibly the next leg up.
The RSI shows that we may still get some possible short term downside price movement before a nice bump up.
If we can meet the top of the trendline, we can make a good 15-20% gain.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
The RSI shows that we may still get some possible short term downside price movement before a nice bump up.
If we can meet the top of the trendline, we can make a good 15-20% gain.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
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