Analysis of Fantom time form 4 hours
The price of Fantom is now 0.505 dollars. Considering the high volumes that have been consumed in these few weeks and also the strong upward slope that we had, it is expected that the resistance of 0.5386 dollars will be broken and target 1 with a profit of 6% and if the trend of the target continues 2 and 3 should be touched. Pay attention to the stop point at the price of $0.4545 because it is right on our Fibo 23. Under the support of 0.3180 and Fibonacci 618, we have a change in the downward trend, which is less likely. Overall, the technical phantom is bullish.
Technical analyst: Amir Hassan Salek
#FTMUSDT
The price of Fantom is now 0.505 dollars. Considering the high volumes that have been consumed in these few weeks and also the strong upward slope that we had, it is expected that the resistance of 0.5386 dollars will be broken and target 1 with a profit of 6% and if the trend of the target continues 2 and 3 should be touched. Pay attention to the stop point at the price of $0.4545 because it is right on our Fibo 23. Under the support of 0.3180 and Fibonacci 618, we have a change in the downward trend, which is less likely. Overall, the technical phantom is bullish.
Technical analyst: Amir Hassan Salek
#FTMUSDT