Long
Fantom Wedge Breakout
Fantom recently released new partnerships with Middle Eastern governments, hence, the price did not reverse after reaching the ATH.
As Fantom recently broke the Wedge structure, it is highly possible and healthier that it retest what is now a support level to eventually discover new price ranges. I suggest buying once the retest is clear as afterwards there is no limit on how high it can go, except fib levels and psychological levels ($1, $1.1, $1.5...)
Buy level if retest: 0.84 - 0.86
As Fantom recently broke the Wedge structure, it is highly possible and healthier that it retest what is now a support level to eventually discover new price ranges. I suggest buying once the retest is clear as afterwards there is no limit on how high it can go, except fib levels and psychological levels ($1, $1.1, $1.5...)
Buy level if retest: 0.84 - 0.86
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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.
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.