Fantom needs a reset

14 בספט׳ 2021

FTM 4hr it would be reasonable to think after the run we just had that a decent correction was needed So based on this assumption we could expect that the support bottom might be at the previous long-term resistance and ATH at 0.96 If the overall market kicks in September then we could see a bottom before this level but based on this idea with the Fibonacci retracements 0.96 would be at the 618 retracement level a key area for a reversal pivots This idea is also backed by the fact that there are whales out there very keen to load huge bags of Fantom and quite obviously they want to buy at lower prices