Fantom (FTMUSD) Prices May Bounce Up at $0.21 Support Level
 Fantom (FTMUSD) Prices May Bounce Up at $0.21 Support Level

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Bulls would possibly take over Fantom Marketplace quickly

A breakout on the improve stage of $0.21 will lower the associated fee to $0.20 and $0.19 ranges. Talent to push the Fantom above the resistance stage of $0.23 by means of the bulls will pressure the associated fee to $0.25 and $0.26 ranges.

Fantom Value Research – September 30

FTMUSD Marketplace

Key ranges:

Resistance ranges: $0.23, $0.25, $0.26

Toughen ranges: $0.21, $0.20, $0.19

FTMUSD Lengthy-term Pattern: Bearish

Fantom is at the bearish motion in day by day chart. The cost motion is making an attempt to shape a Tripple backside worth motion at $0.21 stage. The primary contact used to be on July 15, the associated fee pulled again to check the resistance stage of $0.41. Chord of picket candle trend used to be produced and the associated fee diminished to retest the improve stage of $0.21 stage. The second one check used to be performed on September 18 and the associated fee is recently consolidating across the discussed improve stage.

 

Fantom worth is buying and selling under the nine classes EMA and 21 classes EMA. The relative power index length 14 is at 39 ranges with the sign line showing no explicit route. A breakout on the improve stage of $0.21 will lower the associated fee to $0.20 and $0.19 ranges. Talent to push the associated fee above the resistance stage of $0.23 by means of the bulls will pressure the associated fee to $0.25 and $0.26 ranges.

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FTMUSD Medium-term Pattern: Ranging

Fantom is at the ranging motion within the medium-term outlook. The improve stage of $0.22 holds when the bears driven down the associated fee. Bears lose their momentum and the bulls have been not able to push it up. The cost commences a consolidation motion inside of $0.23 and $0.22 ranges. Those would possibly proceed till there’s a breakout.

The 2 EMAs aren’t separated from every different and the associated fee is buying and selling between the 2 EMAs indicating ranging momentum. The Relative Energy Index length 14 is located at 51 ranges and the sign line pointing up which point out a purchase sign.

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