Fantom FTM
FFTM is still in a bearish trend.
A confirmation for a beginning of a wave C has happened in my view, therefore an impulsive wave with 5 inner waves shall happen.
Passing above $1.2776 invalidates the idea.
I expect the bearish move to end between $0.0772 : $0.0314 according to the Fibonacci retracements 50% & 61.8%, but precisely at $0.0606 due to the 100% Fibonacci's extension from the wave A up to wave B.
- Note: Taking the Fibonacci retracements & extensions targets as accurate or precise numbers is wrong. They're just used as guides to where the price is expected to bounce from or to go to.
A confirmation for a beginning of a wave C has happened in my view, therefore an impulsive wave with 5 inner waves shall happen.
Passing above $1.2776 invalidates the idea.
I expect the bearish move to end between $0.0772 : $0.0314 according to the Fibonacci retracements 50% & 61.8%, but precisely at $0.0606 due to the 100% Fibonacci's extension from the wave A up to wave B.
- Note: Taking the Fibonacci retracements & extensions targets as accurate or precise numbers is wrong. They're just used as guides to where the price is expected to bounce from or to go to.
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