After a correction phase of 65% since feb 25th , the market is starting to look bullish for Fantom
As you can see we are having a descending triangle in which we are looking to breakout to the upside.
RSI:
We are currently seeing the rsi rising to the upside , with a breakout from the trendline on the 27th of March.
MACD:
Looking at the MACD we are heading towards the zero line and creating a reversal of trend which will creating the macd histogram to go into the green.
Also we see a incoming crossover of the macd and signal line this will indicate a strong buying signal🔥
Please let me know what you think of my technical analysis and feel free to like or share your thoughts🙌🏼👨🏼💻
As you can see we are having a descending triangle in which we are looking to breakout to the upside.
RSI:
We are currently seeing the rsi rising to the upside , with a breakout from the trendline on the 27th of March.
MACD:
Looking at the MACD we are heading towards the zero line and creating a reversal of trend which will creating the macd histogram to go into the green.
Also we see a incoming crossover of the macd and signal line this will indicate a strong buying signal🔥
Please let me know what you think of my technical analysis and feel free to like or share your thoughts🙌🏼👨🏼💻