ð§ïļ FTM Descending Wedge Breakout
FTM has been in a descending wedge for a while now. Recently, it had broken out on the upside and is finding support around the $0.39 Fibonacci level. This could signal a move up if the support holds back to its ATHs. While there are no major news for FTM in the upcoming month, the fact that Ethereum Dapps can be deployed interchangeably on the FTM network is huge due to the reduced gas fees.
Continue looking for support around the $0.39 level, which would signal a recovery up to the $0.41-$0.42 level.
Continue looking for support around the $0.39 level, which would signal a recovery up to the $0.41-$0.42 level.
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Breakout looks stable so far, consolidation appears to be happening on the lower levels around >$0.385. Expecting upside to be around $0.6 for taking profit.