Short
Fantom at a glance: A short-term drop followed by a buying oppor
Another day with a 5% sell and buy opportunity within a single time unit.
FTM
FTM
Note
Market Status of Fantom (Fantom/USDT) in Various Timeframes
1. 15-Minute Timeframe
- RSI above 50: Indicates bullish momentum in the short term.
- Doji Candle: Signals market indecision and lack of clear direction.
- Conclusion: Weakly bullish with potential for short-term correction.
2. 30-Minute Timeframe
- Doji Candle: Market indecision and potential for a trend reversal.
- Conclusion: Market is in a neutral state, requiring further observation to identify the next direction.
3. 1-Hour Timeframe
- Doji Candle: Continued market indecision.
- Conclusion: Market remains neutral, with no clear movement expected in this timeframe.
4. 4-Hour Timeframe
- CCI above 100 (Overbought): Indicates a potential for price correction.
- Williams %R above -20 (Overbought): Shows buying pressure but with the market in overbought territory.
- Doji Candle: Continuation of market uncertainty.
- Conclusion: The market is neutral, with a risk of correction if overbought conditions persist.
5. Daily Timeframe
- Horizontal Resistance Broken: Bullish signal, indicating continuation of the upward trend.
- MACD Crossed Up: Bullish crossover, positive momentum for the mid-term.
- CCI and Williams %R in overbought territory: Signals buying pressure but caution is advised.
- Conclusion: Bullish outlook, with a higher likelihood of upward movement in the coming days.
6. Weekly Timeframe
- Pivot Points: Price above Resistance 1: Neutral, but with potential for upward continuation.
- RSI above 70 (Overbought): Overbought conditions, indicating potential for reversal.
- CCI and Williams %R in overbought territory: Continued buying pressure, but possible upcoming corrections.
- New High Records: Highest price in 1 year, 1 month, and since the start of the year.
- Conclusion: Bullish in the medium to long term, with strong upward momentum in the weekly chart.
7. Monthly Timeframe
- New High Records (Highest Price for the Month): Indicates a strong upward trend.
- CCI and RSI in overbought territory: Potential for price correction in the future.
- Conclusion: Bullish in the long term, with possible corrections in the upcoming periods.
Overall Conclusion
- Short-Term: Weak bullish momentum with potential for correction in lower timeframes (15 minutes, 30 minutes).
- Mid-Term: Neutral market with potential trend reversal in the 1-hour and 4-hour timeframes.
- Long-Term: Confirmed bullish trend with new high records and positive signals in daily, weekly, and monthly timeframes.
Note
Oh My God
1.3380....
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