Fantom (FTM/USDT) – Daily Timeframe Analysis
Currently, Fantom (FTM) is forming an inverse head-and-shoulders pattern on the daily chart, a traditionally bullish reversal signal. The key support and resistance levels have been highlighted, along with an order block for potential exit points. Based on market dynamics, I'm anticipating a minor pullback before a continuation of the uptrend, as reflected by the money flow and wave trend indicators, both pointing upwards.
Upcoming Market Considerations:
The upcoming FOMC meeting, scheduled for September 17-18, may introduce heightened volatility across global markets, including the cryptocurrency sector. A potential rate cut is being speculated, which could catalyze a short-term rally in Bitcoin and altcoins, potentially followed by a broader correction.
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Please ensure thorough research and risk management before making any trading decisions.
Upcoming Market Considerations:
The upcoming FOMC meeting, scheduled for September 17-18, may introduce heightened volatility across global markets, including the cryptocurrency sector. A potential rate cut is being speculated, which could catalyze a short-term rally in Bitcoin and altcoins, potentially followed by a broader correction.
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Please ensure thorough research and risk management before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.