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Fathom

FTM | Fantom further downside expectedShould FTM not be able to reclaim the $1.00 level, I could see it dipping towards the next area of support at the $0.48 - 0.6 levels. However, if we should have overall favorable conditions, I could see it correcting from its current downtrend towards the MA50 and/or its main resistance trend line, before retesting $1.00 again and falling below towards the indicated area of support. For now I like to wait on the sidelines until I see a clear direction for either case. If you have question, feel free to ask. Let's see how this plays out. Thanks for your support. Have a good one.
Short
by PagaLui