## Hey Guys..!!

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.

![rounded-in-photoretrica (69).png](https://cdn.steemitimages.com/DQmfRUT3UE3fkgZSRsj6fPVJi6TvRnAe4LqKzKNTPWmoANk/rounded-in-photoretrica%20(69).png)_{***Made on PowerPoint***} Alright, let's get straight into the discussion, Happy reading!! ![Pembatas Utama.png](https://cdn.steemitimages.com/DQmUqV2VAknQE4ZTKUNQVk7dC6abcYzoN63AdevUPzmqmB4/Pembatas%20Utama.png) # Fantom (FTM) Analysis Today, January 05, 2024, I will try to technically analyze Fantom's price movement. ![Slide1.PNG](https://cdn.steemitimages.com/DQmeJLRJAC5a32hcsn2JUvtaYVwjVJfHRqA2RMHBrsMYoq9/Slide1.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* If we look at the price movement of FTM in general, we can see that FTM is in an intense 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. ![Slide3.PNG](https://cdn.steemitimages.com/DQmPjhbYtDsxHp5GCPFh1QNjq2xbjktsTWctg6EZzcbetsq/Slide3.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA. ![Slide4.PNG](https://cdn.steemitimages.com/DQmRqZPDF2pxvVNg1QPhgtiT8W65jMAkWgAExAAETXKVXLM/Slide4.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* 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. ![Slide5.PNG](https://cdn.steemitimages.com/DQmcjEJWWsaqWmjBjwRgWK8ormSAmhc8rR3amXtjr1zY3Rs/Slide5.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Not to 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. ![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png) ###

Disclaimer:

This analysis is not an invitation to buy or sell any asset, it is just a short analysis intended for learning. Remember! don't use the analysis I did as a benchmark in investing or trading, always do your analysis and research first before making any decisions.

![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png)