📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Fantom — Another Leg Down? Chart And Indicators Say Yes! 🚨
FTM dipped ~35% during the last few days. Even worse, current technical indicators and charts indicate more downside potential.
Here's why:
1️⃣ Bearish MACD Crossover
FTM flashed a bearish MACD crossover on the 4H chart. Based on backtests, the signal is solidly reliable when it comes to 2%—5% profit targets (downside potential in our case).
2️⃣ Bear Flag
Moreover, the 4H chart indicates that Fantom trades in a playbook bear flag pattern.
How To Enter 👇
Wait for a break of the lower bear flag boundary and confirmation. As a first profit target, it makes sense to go for the lowest point of the recent dip. However, it is likely that FTM will encounter even more downside potential in the case of a breakout to the bottom.