A while ago I made a post on FTM and the break out from the bearish channel.
This weekend, the second target has been reached. FTM has been seeing a huge influx of buyers as of late, which made the price shoot up.
As predicted in my last analysis, the green resistance area has caused a minor retracement from the top. If BTC will drop further, a re-test of the yellow support area is to be expected. I'm still bullish in the mid-term, so a bounce is to be expected.
Current main target is the 0.405 resistance, which is the last strong resistance since the capitulation late May.
Happy trading!
This weekend, the second target has been reached. FTM has been seeing a huge influx of buyers as of late, which made the price shoot up.
As predicted in my last analysis, the green resistance area has caused a minor retracement from the top. If BTC will drop further, a re-test of the yellow support area is to be expected. I'm still bullish in the mid-term, so a bounce is to be expected.
Current main target is the 0.405 resistance, which is the last strong resistance since the capitulation late May.
Happy trading!
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