Hi friends, hope you are well and welcome to the new update on Fantom ( FTM ) coin.
Breaking out the channel:
On a daily time frame, the priceline of FTM has again reached the resistance of the channel to break it out soon.
RSI broke out resistance:
On a daily time frame, the relative strength index ( RSI ) oscillator has broken out a long-term resistance line, therefore, now there is a high probability for a big move.
On a daily time frame there is also a bullish divergence flashed which is also indicting to a massive move soon.
MAs and Stochastic:
On a weekly time frame, Fantom is bounced from the 25 SMA and also breaking out EMA 21 as well. Now the EMA 21 can work as long-term support for the priceline. The stochastic has given buying signal from the oversold zone. Therefore this time the priceline can set a new all-time high.
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