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[Music] hello everyone my name is technical analyst for being crypto the coin that we are going to discuss today is ftm or phantom so yeah without wasting time lets go right into it [Music] so im gonna start obviously with the weekly chart so this is a logarithmic chart basically just because of how large the price locations were now but firstly what im seeing is this sort of support here now im not sure exactly where it is because there are numerous wicks here but im assuming this 23 area here just because it reacts really well to it and the next one is that the price seems to be trading inside sending parallel channel which usually contains corrective movements now measuring from the old mi the price has decreased by 90 90 percent and at its bottom must have decreased by 95 percent now the rsi is still below 15 and the reason why im um it seemed to has broken out from this descending resistance line so this is bullish but its still blocked with it but keep in mind that this c
