Crypto Contest July 10: Fantom

Fantom (Binance: FTMUSDT) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Fantom began a wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 3, and the red wave two (blue sub-waves a-b-c) correction ended on July 8. If this wave count is correct, Fantom should be heading next towards the July 3 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Fantom is the nervous system for smart cities. You can find the CEO presentation below.

(Sources: Fantom and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

Uniting Experts & Novices for Mutual Profit!