🔥 FTM New All-Time-High: What's Next
Only 3 days ago I made an analysis on FTM where I predicted a very strong move all the way towards the current ATH, potentially breaking it.
It appears that both initial targets, $0.88 and $0.96, we're very strong resistances. For two straight days the price didn't manage to breach $0.88, where the next day $0.96 held and is causing the minor bearish retracement that we're currently facing.
Several things can happen now. FTM will either shake the sell pressure off and get to $1, or the bears will get the overhand and the price goes down further like we saw last week.
For the bullish case, I expect the $1 resistance to fall in the next 2-3 days. First major target will be $1.20, with the second target based at $1.50.
The bearish case will be that the price will fall down to the $0.65 support area. As long as BTC will stay relatively bullish, I don't see FTM going below $0.65 in the near future.
Happy trading!
It appears that both initial targets, $0.88 and $0.96, we're very strong resistances. For two straight days the price didn't manage to breach $0.88, where the next day $0.96 held and is causing the minor bearish retracement that we're currently facing.
Several things can happen now. FTM will either shake the sell pressure off and get to $1, or the bears will get the overhand and the price goes down further like we saw last week.
For the bullish case, I expect the $1 resistance to fall in the next 2-3 days. First major target will be $1.20, with the second target based at $1.50.
The bearish case will be that the price will fall down to the $0.65 support area. As long as BTC will stay relatively bullish, I don't see FTM going below $0.65 in the near future.
Happy trading!
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