Hello there,
Put together a quick analysis based on what I see on the chart.
FTM's been doing well so far this year, but since its last impulse it entered a long consolidation phase. We managed to bottom out at 0.29$ and been making higher lows since then, so we have had a clean trend reversal, building momentum. On top of that we have exited that first triangle (leading into a new bullflag), confirmed and then started making the mentioned higher lows. Last week we saw some fundamental news regarding FTM that caused a rally but unfortunately BTC's dip managed to ruin the whole move. It's clear that the price's been supressed, the volume is lowest since the last impulse, so based on TA(RSI sitting in the middle, macd sideways/closing back to green/stoch resetted) + fundamentals I'm expecting a powerful move to the upside and more importantly BTC decided to leave its ranging making a new ATH and boosting the whole crypto market's mood to the bullish side.
Cons: funding is high at the moment whole board wise, we will see how it plays out.
Long story short I'm long and strong, price targets and there, but we will see how price progresses. Not investment nor financial advice, do your own research.
Put together a quick analysis based on what I see on the chart.
FTM's been doing well so far this year, but since its last impulse it entered a long consolidation phase. We managed to bottom out at 0.29$ and been making higher lows since then, so we have had a clean trend reversal, building momentum. On top of that we have exited that first triangle (leading into a new bullflag), confirmed and then started making the mentioned higher lows. Last week we saw some fundamental news regarding FTM that caused a rally but unfortunately BTC's dip managed to ruin the whole move. It's clear that the price's been supressed, the volume is lowest since the last impulse, so based on TA(RSI sitting in the middle, macd sideways/closing back to green/stoch resetted) + fundamentals I'm expecting a powerful move to the upside and more importantly BTC decided to leave its ranging making a new ATH and boosting the whole crypto market's mood to the bullish side.
Cons: funding is high at the moment whole board wise, we will see how it plays out.
Long story short I'm long and strong, price targets and there, but we will see how price progresses. Not investment nor financial advice, do your own research.
Comentarios:
Reached Price target 1 and price target 2, sold out above price target 2, I'm done here, rotating capital to SXP