Short
Fantom at a glance: A short-term drop followed by a buying oppor
Another day with a 5% sell and buy opportunity within a single time unit.
FTM
FTM
Note
Market Status of Fantom (Fantom/USDT) in Various Timeframes1. 15-Minute Timeframe
- RSI above 50: Indicates bullish momentum in the short term.
- Doji Candle: Signals market indecision and lack of clear direction.
- Conclusion: Weakly bullish with potential for short-term correction.
2. 30-Minute Timeframe
- Doji Candle: Market indecision and potential for a trend reversal.
- Conclusion: Market is in a neutral state, requiring further observation to identify the next direction.
3. 1-Hour Timeframe
- Doji Candle: Continued market indecision.
- Conclusion: Market remains neutral, with no clear movement expected in this timeframe.
4. 4-Hour Timeframe
- CCI above 100 (Overbought): Indicates a potential for price correction.
- Williams %R above -20 (Overbought): Shows buying pressure but with the market in overbought territory.
- Doji Candle: Continuation of market uncertainty.
- Conclusion: The market is neutral, with a risk of correction if overbought conditions persist.
5. Daily Timeframe
- Horizontal Resistance Broken: Bullish signal, indicating continuation of the upward trend.
- MACD Crossed Up: Bullish crossover, positive momentum for the mid-term.
- CCI and Williams %R in overbought territory: Signals buying pressure but caution is advised.
- Conclusion: Bullish outlook, with a higher likelihood of upward movement in the coming days.
6. Weekly Timeframe
- Pivot Points: Price above Resistance 1: Neutral, but with potential for upward continuation.
- RSI above 70 (Overbought): Overbought conditions, indicating potential for reversal.
- CCI and Williams %R in overbought territory: Continued buying pressure, but possible upcoming corrections.
- New High Records: Highest price in 1 year, 1 month, and since the start of the year.
- Conclusion: Bullish in the medium to long term, with strong upward momentum in the weekly chart.
7. Monthly Timeframe
- New High Records (Highest Price for the Month): Indicates a strong upward trend.
- CCI and RSI in overbought territory: Potential for price correction in the future.
- Conclusion: Bullish in the long term, with possible corrections in the upcoming periods.
Overall Conclusion
- Short-Term: Weak bullish momentum with potential for correction in lower timeframes (15 minutes, 30 minutes).
- Mid-Term: Neutral market with potential trend reversal in the 1-hour and 4-hour timeframes.
- Long-Term: Confirmed bullish trend with new high records and positive signals in daily, weekly, and monthly timeframes.
Note
Oh My God1.3380....
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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.