Long
Fantom FTM breakout incoming on both USDT and BTC pairs
Hello all,
The Fantom coin is looking for a breakout vs both BTC and USDT and it looks really good.
First, on the USDT pair (main chart here) we are in a Falling Wedge pattern, touching the demand zone . The price reacted perfectly, so once we break out of the formation. we can expect a solid upward movement.
First Target: at the ATH - 44 percent from the current price mark.
Second Target: at the Fibonacci extension and Wedge led. - 98 percent from the current price mark.
Stop-loss: below the support area
The situation is similar on the BTC pair where we bounced back from support in a Bull Pennant formation.
Cheers,
The Fantom coin is looking for a breakout vs both BTC and USDT and it looks really good.
First, on the USDT pair (main chart here) we are in a Falling Wedge pattern, touching the demand zone . The price reacted perfectly, so once we break out of the formation. we can expect a solid upward movement.
First Target: at the ATH - 44 percent from the current price mark.
Second Target: at the Fibonacci extension and Wedge led. - 98 percent from the current price mark.
Stop-loss: below the support area
The situation is similar on the BTC pair where we bounced back from support in a Bull Pennant formation.
Cheers,
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