FTM is in Danger of Testing Much Lower Price Ranges

FTM chart is not looking very good in the near term.

If FTM breaks below 0.20 level, it could accelerate down to 0.04 level which is aligned with the 0.618 golden pocket.

FTM is also forming a head and shoulders pattern and if it breaks the neck line of 0.1660 the price target for that is also right below 0.04.