Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

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Alright, let's get straight into the discussion, happy reading!!

Fantom (FTM) Analysis

Today, February 08, 2023, I will try to technically analyze the price movement of Fantom.

SOURCE: TradingView

If we look at the price movement of FTM in general, we can see that FTM is in a very deep bearish phase. We can see this in the FTM price movement pattern in the chart above where the candlestick tends to move downwards if we look closely.

SOURCE: TradingView

This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA.

SOURCE: TradingView

But the ADX indicator gave another confirmation with the presence of a cross between the two DI lines where the DI- the line started to move below the DI+ line.

SOURCE: TradingView

Not forget, the RSI indicator also shows that there is an oversold phase in the FTM/USD market is over, this can be proven by the movement of the RSI line above the Lower Band which is the lower limit of the RSI indicator.

Disclaimer: