Fundamental Analysis:
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they...
Very nice whale splash this morning, spooked the weak hands.
I think we're finally cleared the weak hands that bought the top in the 80s. We are primed for a blast off now to dollar ranges!
Not too late to hop in, I doubled up my longs this morning.
With that said, I wouldn't even mind if we sell lower to 30 cents as I will really throw in heavy there.
38 c is now a very well tested floor and should hold with high degree of confidence. Expecting to see a move up to low to mid 40s, rejection, then tension building up on the down sloping resistance until an eventual breakout to 65 cents which represents at 55% return from here.
Here is the hourly ribbon just for a different glance.
