Here we are having an advanced Elliott based analysis on one of the best featured DeFi projects, Fantom. As the chart illustrates, the expected deep correction is done, by completing the wave (b) and reaching the daily order block and also, changing the main structure by crossing the last major pivot. It might have an appropriate possibility for investment and buy some Fantom on 0.32$ and hold for long (at least 2 yaers). And let's look at the last impulsive wave from the Fantom: We might see something like this! It's not dramatic, this is the reality!
-Stay tuned for more updates-
Note
All the scenario is in action but some changes are applied. I think that 3rd bullish wave is done and we have support around 0.39$
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.