FANTOM BEARISH CHANNEL - TO RISE TO $1.74 & FALL TO $0.90

FANTOM BEARISH CHANNEL - TO  RISE TO $1.74 & FALL TO $0.90

FANTOM BEARISH CHANNEL - TO  RISE TO $1.74 & FALL TO $0.90 - 1

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.

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https://www.tradingview.com/chart/FTMUSDT/eytIXl2y-FANTOM-TO-RISE-TO-1-74-FALL-TO-0-90/

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Peter Adepoju

Peter Adepoju

Peter Adepoju is a certified Accountant. A full time Forex/Crypto Trader & Market Analyst. 
 
He is known for forecasting correct and up-to-date insights and analysis on various coins and tokens in the cryptocurrency market. 
 
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