Fantom FTM Is The Strongest Coins In Bull Run 2024
2024-11-24

Hello, Skyrexians!

Let's continue to observe fundamental crypto assets. Today we have  BINANCE:FTMUSDT  on the plate. This crypto showed one of the best performance in March 2024 and did not break the previous low. In conjunction with the very dynamic first bull run we can assume that this asset can outperform the market in the upcoming month.

On the weekly time frame we marked the previous bull run as the global wave 1. After that asset's price showed corrective wave 2 in the shape of ABC zigzag. This wave has not been even able to break 0.38 Fibonacci retracement, which means that this crypto is very strong.

It's likely, that currently price is printing global wave 3. Subwaves 1 and 2 has been already finished and the most impulsive wave 3 inside 3 has been started with the green dot on the  Bullish/Bearish Reversal Bar Indicator  . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our  article on TradingView . This is very strong reversal signal and this wave has the target area between 1.61 and 2.61 Fibonacci extension levels at $6 and $10. 

Best regards,
Skyrexio Team

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