Fantom Faces Potential 60-80% Summer Price Drop Based on HistoryRepeating Patterns Signal Potential for the Cryptocurrency "Fantom" to Experience Rapid Price Drops Again: A Shorting Opportunity with Short-Term Profit Potential. This article displays the observed recurrence of significant price dumps in FTM, presenting a potential golden opportunity for shorting. Traders may consider capitalizing on the anticipated price decline to strategically buy FTM at the bottom for short-term gains. Please note that this analysis does not constitute financial advice but reflects the author's current trade strategy.
**The Foundation has been selling FTM in the past several days, adding up to the millions. This could also be an indicator.**
Legend
Horizontal Lines:
Red: Represents potential support that is highly likely to be breached.
Orange: Indicates support that is still likely to be breached, but with lower probability than red.
Yellow: Suggests a probable bottom.
Green: Suggests a buying opportunity for FTM if the price falls below the Yellow horizontal line.
Trend Lines:
White: Refers to repeated Descending Triangle patterns observed after significant price pumps. If these patterns break downward, historical data suggests a potential freefall, resulting in a potential downside ranging from 60% to 80%.
Yellow channel: The Yellow channel, established in 2021, may offer support for FTM in the near future, potentially leading to a return to the channel.
Yellow Trend line: Beginning in 2020, this trend line could potentially act as support for FTM if the trend continues to unfold.
