FTM USDT: WILL THE PRICE TOUCH THE $1.53?
Hello everyone!
Welcome to this Analysis on Fantom and the possible future movements that it can make, recently Fantom broke a bearish channel at the top of the giant bullish channel, normally, this type of structure means a bullish continuation sign, but this time I have seen many bearish confluences that can lower the price.
Personally, I would say that you are going to make a bearish push to a low of $ 1.98, but remember that this market is quite unpredictable and be prepared to enter it with the trend as your friend and not your enemy.
Good luck!
Important Targets:
Bullish: $2.45 / Trendline (≈$2.53)
Bearish: $1.98 / $1.87 / $1.73 / $1.53
Welcome to this Analysis on Fantom and the possible future movements that it can make, recently Fantom broke a bearish channel at the top of the giant bullish channel, normally, this type of structure means a bullish continuation sign, but this time I have seen many bearish confluences that can lower the price.
Personally, I would say that you are going to make a bearish push to a low of $ 1.98, but remember that this market is quite unpredictable and be prepared to enter it with the trend as your friend and not your enemy.
Good luck!
Important Targets:
Bullish: $2.45 / Trendline (≈$2.53)
Bearish: $1.98 / $1.87 / $1.73 / $1.53