Fantom, just trading on the 1 day time frame, forms two candle stick patterns... Which could be a big bullish break out in the market, following its recent uptrends
After forming an inverted cup and handle pattern in the past days, it remained on its key support level, then pushing of its somewhat lagging resistance area and then forming a 2 green wick, shallow pullback flag pattern.... Which are popularly noted for their extraordinary breakouts through out the year....
So the analysis suggest that if it keeps on forming strong Greenwich candle sticks and not surpassing the key Fibonacci retracement support area of 0.5 in the next few days or in about 2 weeks time in the 1 day time frame, there could be a potential breakout with the current analysis, market structure and high trading volumes on popular exchanges like binance fantom blockchain project has been picking speedy growth and more adoption.
After forming an inverted cup and handle pattern in the past days, it remained on its key support level, then pushing of its somewhat lagging resistance area and then forming a 2 green wick, shallow pullback flag pattern.... Which are popularly noted for their extraordinary breakouts through out the year....
So the analysis suggest that if it keeps on forming strong Greenwich candle sticks and not surpassing the key Fibonacci retracement support area of 0.5 in the next few days or in about 2 weeks time in the 1 day time frame, there could be a potential breakout with the current analysis, market structure and high trading volumes on popular exchanges like binance fantom blockchain project has been picking speedy growth and more adoption.