The question here is: how far can phantom actually reach here and what are some important target levels to pay attention to in the immediate short term, we will also take a look at what happens if phantom starts to fall here and what are some important levels to Pay attention to then so in this video guys, we are once again back with phantom ticker symbol ftm, and we will be doing a phantom price prediction and technical analysis if you guys enjoy these phantom updates and want to see more. Its always super super awesome. When you show that by dropping a like and really quick before we jump into the video here, i just have to give a disclaimer. This video is for entertainment and educational purposes. Only. Nothing in this video is financial advice, but alright, guys lets get started right away. Here, all right, so right now we are on the phantom daily timeframe, so every candlestick on this chart represents one day and as we can see here in previous phantom videos, we talked about this zone uh right here in between around 0.97 to 0.90, as a very Important zone – we will return to this one later in this video, but for now lets just realize that when we broke this one you can see after we broke this one. We have been seeing a very, very strong impulse to the upside here uh, since the breakout to where we to the very high we have been seeing gains of almost 100 percent.

So the first thing i want to do here is is just congratulate everyone holding phantom um and also, if you want to please let me know down in the comments below if you are holding phantom, and you can also, let me know for how long you have Been holding please, let me know that down in the comments guys, but alright. So now, since we are pumping so fast towards the upside lets, right away, jump in here and take a look at, where are the most important target levels im paying attention to here in the short term and the first level i am looking out for – is this One right here at around 1.78 use dollars, and this one we are simply looking out for for one reason, and it is because that was the high we actually printed today. So that was the very high of today and the first step for the bulls would be to create new highs here in order to start to push towards our next target levels, and this leads us to our next target, which is all the way all the way Up here at around 2.31, where is this level from well? What we got this level from, if i recall correctly here, is that we used our fibonacci tool here from the previous all time, high right, so the high we printed right here on may 10.. We use this once wing height to swing low and we can see here we scroll up a bit and we can see here that our 2.

618 fib extension is all the way all the way up here at around 2.31. So if the bulls manage to break 1.78, then we will look up all the way, all the way up to around 2.31 and as you also can see here, if you look down a bit, our first target level was around 1.50 and what we can see here, If we look a bit left, you can see yesterday. This was pretty much exactly where we started to see sellers coming in. So we hit our first target. We dropped down a bit today. We are pushing above we are pushing about, but we have quite a lot to go here to our next target level uh, but if we can break 1.78 im looking up all the way up there, i adjusted this one a bit so a bit higher at around 2.35 around there, but around that level. But what about, if the bulls actually managed to break this one to the upside? What are we looking out for then? Well, then, were looking up all the way, all the way up here to around 3.20 use dollars and, as you can see here this one i hope you can see. This is our 3.618 fib extension, and this comes from the same fibonacci, so the same swing high to swing low and we have our fibonacci extension all the way up at 3.20 use dollars and by the way, guys. If you want to learn more about fibonacci extensions and so on and so on, i actually have a lot of trading education on the channel and i always have our trading playlist up in the corner in the eye.

So if you want to, you can check that one out, but all right. Okay. So now, when we have some target levels here for phantom lets, take a look at one thing. That is at least as important to have in mind, and that is the downside scenario. As you know, in crypto it can go very fast towards the upside, but when it starts to fall, it can also fall very fast. So what are some levels to pay attention to? Well, the first sort of level. It is a bit hard here to find the support levels, but the first sort of level i am paying attention to for phantom is right here at around 1.17, and the reason for this is pretty simple. You can see that this one was the our last sort of clear high. We printed here september 4th you can see we printed with our resistance. There we broke this one and then we sort of flipped previous resistance right to become support. So definitely look out for this 1.17 as a potential level. You know if we start to fall. I know it is a long way down there, but you know when something, but when something pumps like this, it is hard to find you know any clear resistance levels. You could, of course, also pay attention to you know today. You know this four hour candle, which is right now a hammer candle had a low at around 1.55. That is one level that you can pay attention to, but you know its not that significant.

So i wouldnt pay too much weight into it. You can hear on the daily. You can of course, also looks out look out for this 1.618 level at around 1.50. That was our high here, the high we printed september 6.. So if we start to fall here, definitely look out for a potential bounce at around 1.50 as well, but all right guys thats pretty much it for this short phantom updates. If you feel like you got any kind of help or value, then please consider dropping a like and if you guys are interested in more dont hesitate to subscribe and hit that notification bell.