🔥 FTM Pennant Pattern Confirmed: Temporary Bottom Set?

١٦ مايو ٢٠٢٣

After a huge move at the start of the year, FTM has been consolidating inside this pennant pattern for around 4 months. FTM has been quite volatile both downwards and upwards, so there's a decent probability for the price to move back up after a month of selling.

I'm anticipating a move towards the top resistance of the pattern, which is a nice ~25% move. In the short-term, 0.43 is a lower-risk target.

Over the long-term, this pattern will classically break out bullish. However, this will all depend on BTC and the stock markets. Time will tell.