🔥 FTM Making New Lows: Further Capitulation Expected

At the start of the month I made an analysis on FTM where I argued that this token was trading in a bear-flag and was likely to break out on the bear side. The initial target of $0.25 has been hit as of today, congratulations if you took the trade.


For now, we're trading around the May capitulation lows. The expectation is that we're going to fall further. $0.16, the summer-21 bear low, is my near term target.

If BTC keeps falling towards $20k we might see even lower values for FTM. Keep an eye on this one.