1. Price forecast (short-term, medium-term)
Short-term forecast: In the near future, the FTM price is likely to be in the range of $0.40 - $0.45, with possible local rollbacks to the lower support border around $0.40.
Medium Term Forecast: The price is expected to test levels above $0.45 with a possible reach of $0.50 if the current uptrend continues.
2. Support and resistance levels
Support levels:
$0.40: Key support confirmed by both history and trading volume.
$0.37: additional support visible on the volume profile.
Resistance levels:
$0.45: immediate resistance where price meets resistance from EMA 100 and 200.
$0.50: Key resistance where profit taking may occur.
▶️Long and Short scenarios with probability assessment
🟢Long script:
Probability of a successful scenario: 65%
Supported by a breakout of the $0.42 level and strong buying volumes.
🛑Short scenario:
Probability of a successful scenario: 35%
The main risk is that the bears are not strong enough to break through the $0.40 level.
⚠️General conclusion:
The current situation on the $FTM market indicates a possible short-term strengthening with a target in the $0.45 - $0.50 region. However, in a negative scenario, a breakout of the $0.40 level is possible, followed by a move to $0.37 and below. ➡️@INVESTIDEAUA INVESTIDEAUA
