This is a 4hrs timeframe analysis. We have price respecting the descending channel pattern. We have three credible resistance zones on the upper trendline and two credible support zones on the lower trendline.
I expect price to hit the lower trendline and bounce up to the upper trendline at $1.740
If price get rejected at the upper trendline, price will fall to $0.90. But if the trend continues, fantom will continue to rise.
What do you think?
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