Fantom FTM Long-term AnalysisHello friends,
I'm going to study long term FTM. It is indeed one of the most robust projects when you look at on-chain data and wallet movements.
We see that the uptrend from 0.0017 USD has been broken and has received a bearish confirmation.
If we consider USD 0.0106 as strong support, we have reacted as both trend and 0.5 fib support.
But do not be in a hurry to create a new uptrend.
The area where it will be accumulated is very important.
Finally, if we close below the green support channel, the support points that buyers and liquidation hunters are waiting for are indicated on the chart.
In order to create a possible bear flag from here, we can expect an increase to 0.72 cents.
It creates the opportunity for a person who wants to accumulate from this region to sell half of it twice.
Those who bought at the Fib 0.5 support sold half of the doubles. For accumulation, my advice is to wait for positive dissonances and support points that may occur in the 4H graph.
Don't worry, if you're patient, it won't flight without you. If you are inside at the right time, you will be the most profitable.
I wish you good luck.
