Hi ๐
After suffering in the range of $0.19 to $0.21 for about 2 weeks, FTM cryptocurrency managed to break this range and step into the resistance zone of 0.22. This event is a change in nature from bearish to bullish trend (CHOCH). Currently there are 2 scenarios.
One is that with the entry of large volume into the market, the price will continue its upward trend up to the range of 0.24. The next scenario is for the price to correct to the range of $0.21 to $0.20 and again the price reacts to the resistance area of $0.24.
If the selling pressure in bitcoin price becomes negative, it can have an impact on FTM.
Supports: $0.20, $0.18, $16
Resistances $0.235, $0.255
Arztoday Team ๐
Analyzer โ: AR.Rashidi
After suffering in the range of $0.19 to $0.21 for about 2 weeks, FTM cryptocurrency managed to break this range and step into the resistance zone of 0.22. This event is a change in nature from bearish to bullish trend (CHOCH). Currently there are 2 scenarios.
One is that with the entry of large volume into the market, the price will continue its upward trend up to the range of 0.24. The next scenario is for the price to correct to the range of $0.21 to $0.20 and again the price reacts to the resistance area of $0.24.
If the selling pressure in bitcoin price becomes negative, it can have an impact on FTM.
Supports: $0.20, $0.18, $16
Resistances $0.235, $0.255
Arztoday Team ๐
Analyzer โ: AR.Rashidi
