- Fantom is currently completing a month-long consolidation following the previous run to $0.87
- According to EW structure, this oculd be viewed as an extended C correction, influenced by BTC volatility in recent weeks.
- During this time, Fantom has solidified support on the Long Term support trend that has acted as a "launchpad" for the past two months
- Stoch...
- Parallel channels are identical, mirroring previous uptrend from 2c-5c
- Strong trend reversal with sub-30 RSI has seen healthy and steady recovery
- Timeframe of accumulation periods are also incredibly similar
- Looking for a breakout above 2.6c to confirm a strong run in the upcoming days
- BTC observed a generational breakout from the downtrend following 2017's bull market after March's crash
- Upward momentum has formed a parallel channel that has recently seen a breakout and somewhat of a retest in the 15k area
- Strong upwards consolidation has marked this run - a pattern that seems to be continuing for the time being
- Following 16.2k...
