FTM/USD target 20 ### **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.
