FieryTrading

πŸ”₯ FTM Ascending Wedge: Bullish Break Out

Long
BINANCE:FTMUSDT   Fantom / TetherUS
Around a week ago I made an analysis on FTM . Here I argued that FTM was trading in an ascending wedge pattern, which is classically a bearish reversal pattern. Furthermore, I noted that the path of least resistance would be for FTM to break through the top resistance and make it's way to $3.


With FTM seeing some incredible bullish volatility over the last few days, it's a matter of time before we reach $3. I'm expecting some minor consolidation around this area, which could last another day or two.

Seeing that FTM is constantly on the minds of investors, I'm seeing this token reaching $4 in the coming weeks.

Happy trading!

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