Short
FTM Possible short scenario
FTM has confirmed a double top pattern, but that being said i don't expect it to break past the neckline.
There is a chance that the yellow trendline will hold, but this is dependent on market conditions which are a bit shaky at the moment factoring in BTC and overall tech market.
I do expect FTM to recover quickly after this correction, once again factoring in market conditions!
Bullish fundamentals
- Fantom Maker getting more attention as a top launchpad in their ecosystem
- FTX supporting FTM mainnet, bringing more ftm tokens to the exchange
- Lots of new projects looking for BSC network alternatives like FTM bringing more users into the ecosystem
Feedback is appreciated!
There is a chance that the yellow trendline will hold, but this is dependent on market conditions which are a bit shaky at the moment factoring in BTC and overall tech market.
I do expect FTM to recover quickly after this correction, once again factoring in market conditions!
Bullish fundamentals
- Fantom Maker getting more attention as a top launchpad in their ecosystem
- FTX supporting FTM mainnet, bringing more ftm tokens to the exchange
- Lots of new projects looking for BSC network alternatives like FTM bringing more users into the ecosystem
Feedback is appreciated!
Note
Patience paid off here, been a while since i posted this idea. But was a good trade for me and maybe some of you followed it aswell !
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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.