фото показано с : invezz.com
2021-10-13 21:27 |
Fantom (FTM/USD) is up 50% over the past 30 days which implies timely investors are sitting on an impressive profit. But with volumes falling and a 7% decline recorded over the past 24 hours, investors are naturally wondering if the rally is over and if now is a good time to sell Fantom coin.
After a sharp rally, FTM formed a pole and flag pattern on Monday and gave a breakout on Tuesday.After the breakout, FTM has approached the 0.618 level and is now formed a Doji candle which is indicating a reversal.A pullback around the price of $1.61 which is also the 200-day moving average price can be expected.A long entry can be taken once it is in the demand zone with targets of a new all-time high.Be cautious if you are entering a short that this may not be the end of the FTM rally and it is only correcting in price before a new high.If you are holding FTM you can slowly start booking some profits and look for an entry at lower points.Let’s take a closer look at the weekly chart of FTM.
On Monday FTM formed a descending triangle and gave a breakout on TuesdayFTM was re-testing the trendline on Tuesday and it also formed a bullish RSI divergence which is suggesting that FTM may start another rally.FTM will be considered as bearish only if a breakdown below the level of $2 is seen.FTM has already tried breaking down multiple times and it may only be a matter of time until the breakdown is seen.Conclusion
FTM is now pulling back and now may be a good time to book some profits, however, the pullback will not be lasting too long and FTM could continue its rally once again and form a new high.
The post Is now a good time to sell Fantom coin? appeared first on Invezz.
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Fantom (FTM) на Currencies.ru
$ 0 (+0.00% )
Объем 24H $0
Изменеия 24h: 0.00 % , 7d: 0.00 %
Cегодня L: $0 - H: $0.2476
Капитализация $0 Rank 99999
Цена в час новости $ 2.0962 (-100% )
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