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Ftmbtclong

Fantom FTM FTM/BTC Possible short/medium term bottom reversal? This is a riskier trade, as FTM has been in a clear descending pattern since it was listed on Binance. However, there are some signs that a possible short term reversal may be soon approaching. We have the first sign of a bullish divergence on the daily and all smaller time frames. Volume accumulation is also clearly increasing in the last month as the price has fallen, typically indicating something may be brewing. We're currently at the bottom range of a descending channel. The price must hold in this region or this idea is invalidated. Possible short term targets are indicated by the yellow lines. If FTM is able to close above both these targets, then that would indicate a new higher low has been formed and stronger chance of a much larger bull run. Again, this is a high risk trade so manage appropriately and set a tight SL. This is not financial advice.
Long
by ninjacookies
FTM/BTC TA Update (Bullish Double Bottom?)FTM/BTC FTM is forming a bullish double bottom formation and Same Higher Low at 132 sats area. This signals us that Bulls are present when the price reaches the same low of the previous wick at 132 sats area. If FTM can't break the downward resistance on this 2nd attempt. A healthy pullback between 156 - 150 sats to establish a new Higher Low before it can finally breakout to a Higher High. Stop-loss for a Long position is below 130 sats area.
Long
by PolarHusk