> The general outlook of mid-long term for Fantom is still bullish.
> This is given that the price has been making higher lows and higher highs since it broke out its base in last September 3rd.
> In addition, many oscillators have shown that momentum has just started to pick up from oversold area confirming the beginning of another short-mid term price rally.
> And the hammer that was formed on dynamic support 20-sma in few previous days showed that the demand for the price has beaten the supply of that price level area.
> The current resistance level is at USD 3.48 (all time high). If it breaks out this level, it will discover new price resistance.
> The current support level is USD 2.88 that coincides with 23.6% Fibonacci retracement. Breached this level, the next support is at USD 2.51 of 38.2% Fibonacci retracement.
> The risk of my bullish view is that if BTC reverses direction it may affect all other coins/token in the market generally.
> Not a financial advice, just for analysis and study purpose.
#NFA
> This is given that the price has been making higher lows and higher highs since it broke out its base in last September 3rd.
> In addition, many oscillators have shown that momentum has just started to pick up from oversold area confirming the beginning of another short-mid term price rally.
> And the hammer that was formed on dynamic support 20-sma in few previous days showed that the demand for the price has beaten the supply of that price level area.
> The current resistance level is at USD 3.48 (all time high). If it breaks out this level, it will discover new price resistance.
> The current support level is USD 2.88 that coincides with 23.6% Fibonacci retracement. Breached this level, the next support is at USD 2.51 of 38.2% Fibonacci retracement.
> The risk of my bullish view is that if BTC reverses direction it may affect all other coins/token in the market generally.
> Not a financial advice, just for analysis and study purpose.
#NFA
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