Greetings,
Today we're looking FTM. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. During May 2021 whilst all alts were booming, FTM went from 15c to 94c, then went back to 15c.
In the short term i'm keeping a close eye on the upwards parallel channel that it is working in. If the market structure changes and falls out of this pattern I will act accordingly. Below is a longer time frame of FTMUSDT - We can see the all time high currently sits around $3.40.
Buy Zone
$1.42 - $1.48
$1.48 - $1.55
Targets
$1.78
$2.06
$2.34
$2.58
FTMBTC Chart - We can see here that FTM has really not moved much from it's low support against BTC. Which is great sign and shows a huge upside potential.
FTM can only reach previous highs if Bitcoin continues to see green candles, btc controls the markets price.
Remember, nothing is guaranteed, control the controllables.
Mogues
Today we're looking FTM. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. During May 2021 whilst all alts were booming, FTM went from 15c to 94c, then went back to 15c.
In the short term i'm keeping a close eye on the upwards parallel channel that it is working in. If the market structure changes and falls out of this pattern I will act accordingly. Below is a longer time frame of FTMUSDT - We can see the all time high currently sits around $3.40.
Buy Zone
$1.42 - $1.48
$1.48 - $1.55
Targets
$1.78
$2.06
$2.34
$2.58
FTMBTC Chart - We can see here that FTM has really not moved much from it's low support against BTC. Which is great sign and shows a huge upside potential.
FTM can only reach previous highs if Bitcoin continues to see green candles, btc controls the markets price.
Remember, nothing is guaranteed, control the controllables.
Mogues