Around a week ago I made an analysis on FTM. Here I argued that FTM was trading in an ascending wedge pattern, which is classically a bearish reversal pattern. Furthermore, I noted that the path of least resistance would be for FTM to break through the top resistance and make it's way to $3.
With FTM seeing some incredible bullish volatility over the last few days, it's a matter of time before we reach $3. I'm expecting some minor consolidation around this area, which could last another day or two.
Seeing that FTM is constantly on the minds of investors, I'm seeing this token reaching $4 in the coming weeks.
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.