🔥 FTM Bearish Channel Break Out On The Horizon

Over the last two months, FTM has been trading in a steep bearish channel. With BTC regaining strength as we speak and alts going up, it is to be expected that FTM will soon break out of this channel.

Since BTC is overextended at the moment, it might be the case that we're going to see a small dip before resuming the bullish move. I'm eyeing the yellow area of support for a potential entry in the market.

In case we keep going up, a break out through the green break out area might be a great signal for going long.

0.278 and 0.40 are my main targets in the mid-term. If you're more bullish you can look at 0.50, 0.75 or even 0.95.

Generally, I think most of the pain in crypto is behind us. Might be the case we're going to dip in the next 48hrs, but the overall trend is up.

Happy trading!