Long

How long takes for FTM to reach new ATH!!!

Updated

According to whalestats.com during these days top ETH whales start to accumulate FTM, if it's going to continue next days and the amount of FTM which is hold by Exchanges drop more.
FTM could submit a new ATH. although short correction would be inevitable to gain enough power to break resistances just like what we see with MATIC.

Note

the lower band of the parallel channel touch several times during last week but still in a bullish trend, however price is under the middle line of channel so in both scenario I believe FTM need more time to accumulate and gain enough momentum to apply another high pressure in order to break the "critical box which mentioned before".
according to data obtain from ETH whales wallets, Most FTM hold by Exchanges (about 24%) and whales (about 34%)
checking IN /OUT FTM would give you a precise information ;)

Note

FTM shows enough strength to touch 3.168
if the price could sustain this level 3.48 would not be out of reach.
before it FTM need to accumulate.
Liquidity which out from BTC and ETH might
invest in ALTS with high request (even during such a big correction like this), one of the examples is FTM or even ATM and MANA
so let put a cross finger for those who still HODL their FTMs and ATOMs.

Note

After both FTM and ATOM shows strength, correct to the recovery points
it seems that potentially FTM and ATOM couldn't sustain and go downward more but with more accumulation, specially from whales .
FTM could sustain 2.03$ .
if you didn't save profit when you had a chance around 3.1 $ then you should probably revise your trade!

Note

unfortunately the second scenario have been happening so you know better after a big correction we enter to a trading range ( that would be a reasonable scenario right now unless we have another big correction, in that case every thing become bad even worst than july2021.
hope it wouldn't happen again.

Note

short bounces below the resistances, I'm not bullish until price break above the 2.59$.
Today at 10:00AM FED's chairman Powell have testimony in front of banking, house and urban affairs. he might point some important positions about inflation indexes, 10 Y bond yield profits and etc.

behzadjl

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