Long
FTM — Why You Should Watch It Closely!
After AAVE and TRX, FTM might be the next token to break out of a long-term trend.
Here are the facts:
• Strong downtrend since March (-66%)
• Trading in a consolidation zone after building a bottom
• Getting close to two crucial levels: 1) Upper resistance of consolidation zone (~0.425) and long-term downtrend (currently at ~0.40).
A breakout should propel FTM quickly to the next resistance at 0.54. However, breaking out of a 6-month downtrend can lead to much higher levels.
Here are the facts:
• Strong downtrend since March (-66%)
• Trading in a consolidation zone after building a bottom
• Getting close to two crucial levels: 1) Upper resistance of consolidation zone (~0.425) and long-term downtrend (currently at ~0.40).
A breakout should propel FTM quickly to the next resistance at 0.54. However, breaking out of a 6-month downtrend can lead to much higher levels.
I'm Ben. Crypto lover, trader, and coder.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.