This is the FTMUSD chart and how I do the projection. I like FTM cos of 1. What it is 2. It is a reliable laggard that moves after BTC or ETH moves 3. It moves more in percentage terms 4. Technical indicators and chart patterns are relatively stable Do note that there is a target and a top out date/time. So... here it is! Let's track it!!!
Very nice whale splash this morning, spooked the weak hands. I think we're finally cleared the weak hands that bought the top in the 80s. We are primed for a blast off now to dollar ranges! Not too late to hop in, I doubled up my longs this morning. With that said, I wouldn't even mind if we sell lower to 30 cents as I will really throw in heavy there.
38 c is now a very well tested floor and should hold with high degree of confidence. Expecting to see a move up to low to mid 40s, rejection, then tension building up on the down sloping resistance until an eventual breakout to 65 cents which represents at 55% return from here. Here is the hourly ribbon just for a different glance.