š Is FTM ready to soar?
The weekly chart for FTMUSDT is painting a bullish picture, with a confluence of technical indicators pointing towards a potential breakout.
What's happening?
* Symmetrical Triangle Breakout: FTM has broken out of a multi-year symmetrical triangle, a bullish sign that suggests a potential upside move.
* Inverse Head and Shoulders: The breakout also coincides with the neckline of an inverse head and shoulders pattern, another bullish indicator.
* Strong Support Level: FTM is currently trading at the 0.618 Fibonacci retracement level, a key support area.
What does this mean?
These technical indicators suggest that FTM has the potential for a significant upside move in the coming months.
But is it too late to buy?
Not necessarily! While FTM has already seen some significant gains, the bullish technical setup suggests that there may be more upside to come.
So, should you buy FTM?
Ultimately, the decision of whether or not to buy FTM is up to you. However, if you're looking for a cryptocurrency with strong technical fundamentals and bullish momentum, FTM is definitely worth considering.
Disclaimer:
This is not financial advice. Please do your own research before making any investment decisions.
Let's discuss!
What are your thoughts on FTM? Do you think it's a good investment? Let us know in the comments below!