Fantom - Technical views and thoughts

By mohdfajas | Technical crypto | 20 Mar 2022


 

 

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FANTOM

Fantom has been in a good bearish move after making the recent high. Price has fallen significantly, the daily support trendline created a little rejection and gave a support for a brief time but the bearish pressure is too good that it broke the support and moved lower. After the break price is now creating a small pullback and possibly will make a touch to the descending trendline before making a possible bearish move again.

The price had to break the descending trendline to create a shift in market structure and probably it will take time as there is a good chance that price will move lower and makes contact with current low where the bullish move started in the past. Its best to wait at the moment for the price to give a more clear structure.

 Disclaimer: This is not a financial advice, only for educational purposes

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mohdfajas
mohdfajas

Just a guy looking for something and everything


Technical crypto
Technical crypto

Daily forecasts, technical analysis and my thoughts on some of the crypto coins purely based on the technical side and chart patterns

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