Horizontal channels are that connect variable highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points.
Currently, Fantom ( FTM ) is in the range of $0.4123. If the pattern continues, the price of FTM might reach the of $1.1465. If the trend reverses, then the price of Fantom ( FTM ) may fall to $0.3084.
Fantom ( FTM ) Levels
The below chart shows the level of Fantom ( FTM ).
From the above daily time frame, the following are the resistance and support levels of Fantom ( FTM ).
Accordingly, if the investors turn against the crypto, the price of the Fantom ( FTM ) might plummet to almost $0.2124, a signal.
Happy Trading !!!!