Technical Analysis

Fantom Is In A Bullish Resumption As ExpectedNov 17, 2023

Fantom Is In A Bullish Resumption As Expected from technical point of view and by Elliott wave theory.

Fantom with ticker FTMUSD bounced perfectly as expected after we mentioned and highlighted final wave 5 of (C) of B/2 on September 26th.

FTMUSD Daily Chart From September 26

As you can see, it’s now sharply and impulsively up back above channel resistance line and 0.33 first bullish evidence level, which is an indication that higher degree wave C/3 is in progress now, especially if breaks back above 0.55 bullish confirmation level. So, more upside is in view, just be aware of short-term corrective pullbacks.

FTMUSD Daily Chart From November 17

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