FTM has been leading the pack over the last week or so. Will the bulls be confident enough to push the price further?
FTM is currently trading on a strong area of resistance, in combination with being overbought on the daily charts. The aforementioned is theoretically a very dangerous area to trade for bulls, especially in the current market environment.
If we see further downwards pressure, I'm looking for a move towards $0.20, potentially lower if BTC allows it. If the bulls can successfully take FTM above the dotted resistance line, we might actually see more parabolic price action, target placed at $0.31
FTM is currently trading on a strong area of resistance, in combination with being overbought on the daily charts. The aforementioned is theoretically a very dangerous area to trade for bulls, especially in the current market environment.
If we see further downwards pressure, I'm looking for a move towards $0.20, potentially lower if BTC allows it. If the bulls can successfully take FTM above the dotted resistance line, we might actually see more parabolic price action, target placed at $0.31
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