Fantom (FTM) Is About To Breakout Another Channel To Set A New All Time High

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·@moon333·
0.000 HBD
Fantom (FTM) Is About To Breakout Another Channel To Set A New All Time High
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Hi friends, hope you are well and welcome to the new update on Fantom ( FTM ) coin.

Breaking out the channel:
On a daily time frame, the priceline of FTM has again reached the resistance of the channel to break it out soon.

![image.png](https://images.hive.blog/DQmVfFuP93Mu7ZGEydGcocwqoZT9k3yScMem5UjA4tqZs27/image.png)


RSI broke out resistance:
On a daily time frame, the relative strength index ( RSI ) oscillator has broken out a long-term resistance line, therefore, now there is a high probability for a big move.

![image.png](https://images.hive.blog/DQmegHvZymqcf6FnxMFQhadR35ThKgoybeUMiBvPBXngWrP/image.png)


Bullish divergence:
On a daily time frame there is also a bullish divergence flashed which is also indicting to a massive move soon.

![image.png](https://images.hive.blog/DQmNakx1taX3bw4pyEJ8c2BHZNgk9XN4Z2QbmjaDFiu3Ngr/image.png)


MAs and Stochastic:
On a weekly time frame, Fantom is bounced from the 25 SMA and also breaking out EMA 21 as well. Now the EMA 21 can work as long-term support for the priceline. The stochastic has given buying signal from the oversold zone. Therefore this time the priceline can set a new all-time high.

![image.png](https://images.hive.blog/DQmZft6x1rDLHTZi817DMqbJQ3vGTkhfA4CxaLSn5Dw1Vu5/image.png)




Don't forget to upvote/tip and share the post, thanks




You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333




In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3




Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882 



Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

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