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BCH $631.43 (-0.5%)
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BNB $482.38 (-2.1%)
ADA $2.16 (-1.1%)
DOGE $0.24 (0.25%)

The Wolf of All Streets Looks Into Fantom and Avalanche

which-was-$FTM-at-a-potential-retest-of-the-all-time News
  • Technical Analyst Scott Melker looks into the FTM and AVAX charts.
  • FTM filled a retest of the all-time high as support.
  • AVAX shows incredible strength through the correction.

While the crypto market shows bearish charts all day, Technical Analyst Scott Melker, a.k.a the Wolf of All Streets, brings good news. He recently published two charts showing great patterns from two altcoins namely Fantom ($FTM) and Avalanche ($AVAX).

According to Melker, Fantom may be doing alright. He mentioned that he shared an altcoin setup that was FTM at a potential retest. Now, he confirmed that it was filled. He added that while this looks good at the moment, the market is still shaky.

As you may know, Fantom is one of the most promising Layer 1 blockchains in the market. The platform focuses on blockchain scalability, has low transaction fees, and provides good security. FTM also recently hit a new all-time high of $1.92 on September 9, 2021.

Aside from Fantom, Melker also peeked into the charts of AVAX. According to the charts that Melker shared, AVAX never lost the previous all-time high as its support on the bitcoin pair. Melker mentions that it’s showing incredible strength through the correction.

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Ezra Reguerra is the Senior Editor for CoinQuora. He works in the editorial aspects of the publication. His tasks include writing, overseeing the content team, setting goals, and approving content.