FTM has confirmed a double top pattern, but that being said i don't expect it to break past the neckline.
There is a chance that the yellow trendline will hold, but this is dependent on market conditions which are a bit shaky at the moment factoring in BTC and overall tech market.
I do expect FTM to recover quickly after this correction, once again factoring in market conditions!
Bullish fundamentals
- Fantom Maker getting more attention as a top launchpad in their ecosystem
- FTX supporting FTM mainnet, bringing more ftm tokens to the exchange
- Lots of new projects looking for BSC network alternatives like FTM bringing more users into the ecosystem
Feedback is appreciated!
There is a chance that the yellow trendline will hold, but this is dependent on market conditions which are a bit shaky at the moment factoring in BTC and overall tech market.
I do expect FTM to recover quickly after this correction, once again factoring in market conditions!
Bullish fundamentals
- Fantom Maker getting more attention as a top launchpad in their ecosystem
- FTX supporting FTM mainnet, bringing more ftm tokens to the exchange
- Lots of new projects looking for BSC network alternatives like FTM bringing more users into the ecosystem
Feedback is appreciated!
Comment:
Patience paid off here, been a while since i posted this idea. But was a good trade for me and maybe some of you followed it aswell !