### **Analysis of FTM/USD Chart (Monthly Timeframe)**
1. **Cup Formation**:
- The chart shows a **rounded bottom pattern**, indicating **accumulation** and a potential long-term bullish reversal.
- The **blue curved line** suggests a cup-like structure, commonly seen before a **parabolic breakout**.
2. **Current Price & Target**:
- **CMP (Current Market Price)**: **$0.62**
- **Target**: **$15 - $20** within 1 year (high-risk, high-reward trade).
- The upside target suggests a **~24x - 32x move** if the breakout occurs.
3. **Resistance Levels to Watch**:
- **$1.15 - $1.70**: Initial resistance zone
- **$3.35**: Mid-term breakout level
- If price sustains above these, **exponential upside is possible**.
4. **Suitability**:
- The note suggests it is **for aggressive traders**, indicating **high volatility and risk**.
- Patience is needed for this setup to play out.
### **Conclusion**:
- If momentum continues, **FTM/USD could see a strong rally**.
- A breakout above **$1.15 - $1.70** could confirm a **major bull run**.
- **High-risk, high-reward trade**—position sizing is key.
1. **Cup Formation**:
- The chart shows a **rounded bottom pattern**, indicating **accumulation** and a potential long-term bullish reversal.
- The **blue curved line** suggests a cup-like structure, commonly seen before a **parabolic breakout**.
2. **Current Price & Target**:
- **CMP (Current Market Price)**: **$0.62**
- **Target**: **$15 - $20** within 1 year (high-risk, high-reward trade).
- The upside target suggests a **~24x - 32x move** if the breakout occurs.
3. **Resistance Levels to Watch**:
- **$1.15 - $1.70**: Initial resistance zone
- **$3.35**: Mid-term breakout level
- If price sustains above these, **exponential upside is possible**.
4. **Suitability**:
- The note suggests it is **for aggressive traders**, indicating **high volatility and risk**.
- Patience is needed for this setup to play out.
### **Conclusion**:
- If momentum continues, **FTM/USD could see a strong rally**.
- A breakout above **$1.15 - $1.70** could confirm a **major bull run**.
- **High-risk, high-reward trade**—position sizing is key.
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🚀 Stay ahead in the market! Get real-time stock & crypto updates, expert insights, and trading strategies. 📈🔥
Join my Telegram now: [t.me/+QJcXfAcqrrIxMzBl]
Don't miss out on profitable opportunities!
call +919066592894
Join my Telegram now: [t.me/+QJcXfAcqrrIxMzBl]
Don't miss out on profitable opportunities!
call +919066592894
Related publications
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.