The FTM coin is trading just above the vital support level
The Fantom coin price is trading at a crucial support level during the trading into the descending parallel channel.
The Fantom coin price is trading just above the half-line of Bollinger bands indicator over the daily price chart.
The bears are attempting to break the Fantom Coin price below the 20-day EMA (white) on the daily price chart. Although, the daily price graph is just above the leading SPAN A ($1.769-mark) of the Ichimoku Indicator; Market conditions could be dire below Span A. Buyers have to keep the price high; Otherwise, the Ichimoku Indicator will reflect a sell signal. Moreover, the key span B is at $2.30.
Stoch RSI is indicating a crossover, which could be a bearish signal for FTM investors. However, both the lines (K and D) are higher in the overbought zone. Furthermore, the Average Directional Index is gradually declining, showing a sideways movement for the Fantom coin.
The current outlook for Fantom Coin appears to be bearish below the rising trendline (Green). If buyers maintain price above this lower trendline, costs could move higher.
Resistance level- $2.0 and $3.30
Support level- $1.30 and $1.0
The Fantom coin price is trading just above the half-line of Bollinger bands indicator over the daily price chart.
The bears are attempting to break the Fantom Coin price below the 20-day EMA (white) on the daily price chart. Although, the daily price graph is just above the leading SPAN A ($1.769-mark) of the Ichimoku Indicator; Market conditions could be dire below Span A. Buyers have to keep the price high; Otherwise, the Ichimoku Indicator will reflect a sell signal. Moreover, the key span B is at $2.30.
Stoch RSI is indicating a crossover, which could be a bearish signal for FTM investors. However, both the lines (K and D) are higher in the overbought zone. Furthermore, the Average Directional Index is gradually declining, showing a sideways movement for the Fantom coin.
The current outlook for Fantom Coin appears to be bearish below the rising trendline (Green). If buyers maintain price above this lower trendline, costs could move higher.
Resistance level- $2.0 and $3.30
Support level- $1.30 and $1.0
