FTMUSDT is looking great for MEGA investments !!
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Now let us dig into our analysis about FTMUSDT on 1D time frame
Fantom's financial should be enough to sustain the project for another 30 years !!.
Comparing the size of Fantom's holdings with FTM's current market capitalization of $600 million and the total value locked in the project of $460 million makes it easier to make profitable investment decisions.
After the bullish news FTM price skyrocketed 36.55%.
If we notice the descending resistance trend line (white line) three rejections are shown (yellow arrows) and the most recent one is on the first of December.
FTM price reversed from 0.16$ and reclaimed the $0.20 area in the process.
Fellows, this is considered a BULLISH sign,but FTM price has to break out from the descending resistance line or the price will remain trapped within support and resistance lines.
If FTMUSDT transcend the resistance line and bounced off to the 0.3$ resistance level we could see an easy bull-ride toward 0.45$.
Whether it breaks out from the line or fall below the $0.20 area will determine the direction of the future trend.
If we notice Stochastic RSI (at the * drawn) is showing that price may decrease before the bounce from the next strong demand zone (Yellow shaded rectangle) thus we could enter at the yellow rally flag on the stochastic RSI indicator for better profit.
We could see nice spice on the volume indicator too.
If you are a long term investor FTMUSDT is the right choice to invest in.
Waiting for descending trend line upward-breach and then FTM is going to MARS
Discrimination:
The published article is NOT a financial advice, it is a well constructed analysis based on fundamentals and technical analysis.
I would like you to support me by pressing the like and boost buttons.
Now let us dig into our analysis about FTMUSDT on 1D time frame
Fantom's financial should be enough to sustain the project for another 30 years !!.
Comparing the size of Fantom's holdings with FTM's current market capitalization of $600 million and the total value locked in the project of $460 million makes it easier to make profitable investment decisions.
After the bullish news FTM price skyrocketed 36.55%.
If we notice the descending resistance trend line (white line) three rejections are shown (yellow arrows) and the most recent one is on the first of December.
FTM price reversed from 0.16$ and reclaimed the $0.20 area in the process.
Fellows, this is considered a BULLISH sign,but FTM price has to break out from the descending resistance line or the price will remain trapped within support and resistance lines.
If FTMUSDT transcend the resistance line and bounced off to the 0.3$ resistance level we could see an easy bull-ride toward 0.45$.
Whether it breaks out from the line or fall below the $0.20 area will determine the direction of the future trend.
If we notice Stochastic RSI (at the * drawn) is showing that price may decrease before the bounce from the next strong demand zone (Yellow shaded rectangle) thus we could enter at the yellow rally flag on the stochastic RSI indicator for better profit.
We could see nice spice on the volume indicator too.
If you are a long term investor FTMUSDT is the right choice to invest in.
Waiting for descending trend line upward-breach and then FTM is going to MARS
Discrimination:
The published article is NOT a financial advice, it is a well constructed analysis based on fundamentals and technical analysis.
