swilton

FTM feels funny

BINANCE:FTMUSD   Fantom
FTM is literally up over 150000% in less than two years. This coin is worth having on a watch list, but something just feels wrong about this chart to me. First and foremost, the volume makes no sense. The market cap is somewhat reasonable, but the price appreciation is nonsensical. No sellers on Earth? Nobody willing to take gains on over 100000% rise? A breakout on this pattern now would send the market cap into the top 10... but I just don't see it happening. I think now is the right time for stagnation. Maybe some year I'll pick it up for cheap inside one of my anchor zones. Until then, I'll just be waiting around.
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.