Fantom (FTM) Is About To Breakout Another Channel To Set A New All Time High

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    moon333

    Published on Dec 24, 2021
    About :

    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.

    image.png

    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.

    image.png

    Bullish divergence:
    On a daily time frame there is also a bullish divergence flashed which is also indicting to a massive move soon.

    image.png

    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.

    image.png

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    Tags :

    hodlcommunity leofinance hive fantom ftm bitcoin

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