Technical analysis by hsasadi about Symbol S: Sell recommendation (9/10/2023)

Fantom is at critical point, if the important support breaks heavily by sellers, it will confirm Head and Shoulders pattern, and it can reach to $0.008! This analysis is done in weekly timeframe, so there is no expectation to get to that target straight away. The indicated support needs to be broken heavily by sellers and pullback successfully in order to confirm H&S pattern.This analysis can be failed, so please do your own research and trade according to your own strategies and risk management.