Fantom breakout incoming

15 Mei

FTM 1day putting in higher lows off the local bottom but needs to start closing outside 0.75 area to hit higher highs Price is breaking out of the downward trendline that took FTM on a 54% correction before wicking to the bottom Bollinger bands are in the squeeze and so back the breakout On the contrary to this idea the Velo data suggests that this latest move is primarily leverage trading which is not perfect and could see more volatility Spot buyers stepping in will confirm the trend change is real MACD is good to go and an rsi above 50 all looks real but we need to see Spot returning