Earlier this week I made an analysis on FTM. Here I argued that there was most likely more pain in the market for FTM. I indicated a reversal zone from $0.96 - $1.15.
In the end, the price almost touched $1.13 this morning before seeing a massive influx of buyers. Nice to see that my indicated Reversal Zone caused indeed a strong reversal.
Furthermore, my first target at $1.50 has been reached a couple of hours ago. The reversal was swift & strong.
As of now, there could be a time to cool off for FTM. I'm looking at the $1.30 support for a potential continuation of the bullish move. In case the bulls will take over for the coming few days, expect a push towards the current ATH, potentially we can even break through the $2 resistance.
Happy trading!
In the end, the price almost touched $1.13 this morning before seeing a massive influx of buyers. Nice to see that my indicated Reversal Zone caused indeed a strong reversal.
Furthermore, my first target at $1.50 has been reached a couple of hours ago. The reversal was swift & strong.
As of now, there could be a time to cool off for FTM. I'm looking at the $1.30 support for a potential continuation of the bullish move. In case the bulls will take over for the coming few days, expect a push towards the current ATH, potentially we can even break through the $2 resistance.
Happy trading!
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