What’s the next stop?

Join us to discover the recent price movements of Fantom (FTM). We’ve observed notable trends that could impact your investment strategy. The analysis takes place from our premium environment, exclusively for members. Learn how current market dynamics are affecting FTM and what this could mean for the future.

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Take advantage of the drop in the phantom price (FTM).

Crypto Insiders analysts recently published a new FTM analysis in the premium environment. In it they stated the following:

“FTM recently re-entered the red selling zone. This zone lies in the Fibonacci golden pocket around $0.3221. Here we expect the end of wave 2 due to an Elliott wave pattern at 12345. Our analysis suggests a bearish trend in this zone.

We specifically focus on the 161.8% Fibonacci level at $0.2134 as a target and do not rule out the possibility that the price could decline even further. This is a crucial point for future price developments.

Additionally, we are keeping a close eye on the blue resistance zone located between $0.3569 and $0.37. For our analysis, it is important that FTM does not exceed this range. If there are any changes, we will adapt our strategy accordingly.”

Date of analysis: December 3rd. Link to trading view:

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

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