FTM has been consolidating for around a month now. Not a lot is happening since we're mainly trading sideways.
For now, I'm expecting FTM to continue to trade within this pattern for another week or two. In the case that BTC will fall further below $40k, there's a high probability for the price to break out bearish and move towards the $1 support.
Since we're currently in a downtrend, a bearish break out is the most likely outcome.
Happy trading!
For now, I'm expecting FTM to continue to trade within this pattern for another week or two. In the case that BTC will fall further below $40k, there's a high probability for the price to break out bearish and move towards the $1 support.
Since we're currently in a downtrend, a bearish break out is the most likely outcome.
Happy trading!
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