Things were going pretty good (till Bitcoin dropped again), Fantom found a major support and came back in its channels after making around 40% in a couple days, so now i think Fantom's price depends hugely on this covid thing and Bitcoin's price in particular. Right now it seems like we're walking around the very low of a few important channels, pitchforks and pitchfan, which are dated from august 21 (an important date for the whole market) and they all show pretty much the same levels. Crucial double top pattern seems to be ended now as well, so we can finally go up from here if Bitcoin will rise again? Some would say that there are a couple patterns (like head & shoulders) that could drop things down, but i don't know, Fantom at 1$ or even lower seems pretty unrealistic to me at the moment.
Let me know your thoughts about this setup.
Let me know your thoughts about this setup.