Fantom is above the support line

5 thg 3, 2022

Fantom respected the resistance of MA 20 in Renko chart and return above the support line. the reaction to this support is very crucial. If it fails to respect support and we see a breakdown, we will see a drop in prices. This breakdown will be the completion of the double top pattern. the target area is marked in the charts

7 thg 3, 2022

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Following the news of the exit of two major developers (see news link),
tradingview.com/symbols/FTMUSD/history-timeline/
the fantom dropped and broke down its neckline. This completed the double top pattern. Wait for more evidence to confirm this breakdown