FTMUSD support and resistance

Hi, welcome to my Fantom analysis
Today we have 3 level support,

Support 1 are previous higher low at fibonacci 0.382. If 0.9242 able to hold bearish movement, our target at 1.2289 with 33.75% profit projection

Support 2 also as strong support, becuase this level are fibonacci 0.618 support and also previous strong support. If this level hold bearish, our target at same level as target 1, with 69.25% profit projection

Support 3 are the last support for Fantom. If this level stop bearish movement, target at 1.2289 with 136% profit projection.

I will update more about Fantom if I get a new key level or a new pattern.

تم فتح الصفقة:

This is full analysis of Fantom.
and this update made by one of my student.
After FTM hit our support level, we need to make sure, bullish confirmation level broken up above 1.0431 with one full candle,
Because if this level cannot be broken, maybe FTM will perform a new falling wedge pattern.
but if 1.0431 broken, we have 2 target here at previous high at 0.2317 and maximum target at fibonacci 1.618 projection at 1.4029

bearish scenario :
If bullish confirmation are strong enough to hold, next pattern will follow falling wedge or deep down to second fibonacci at 0.7244

تم فتح الصفقة:

yups, Falling wedge pattern confirmed :

تم فتح الصفقة:

FTM contonue at the falling wedge pattern,
entry point at support or after break pattern.
I will update this analysis as soon as it break or reach support

تم فتح الصفقة:

Falling wedge resistance broken,
bullih confirmation level lower to 0.8970

تعليق:

We have a nice pump here,
next resistance around 1.0243, if this resistance hold bullish movement, Inverted head and shoulders pattern will perform.