Today we will consider the global chart of the FTM cryptocurrency on a 3-day timeframe
From 2020 to 2022, a positive trend continued with sky-high %% growth.
In May 2022, the growth trend finally broke down in the liquid zone of $0.67-0.80
In June – July 2022, sellers and buyers groped for a compromise zone – a conditional bottom in the area of $0.20.
A retest of the +/- $0.20 liquid zone is now taking place, and a “Double Bottom” reversal figure is likely to form
I want to believe this, because as you can see on the graph, below $0.20 there is a total void of liquidity and the probability of devaluing FTM by 10 times.
Only the fact that:
May-July 2021 – BTCUSDT price on the day +/- $30000, FTMUSDT price +/- $0.20
May-July 2022 BTUSDT price on the day +/- $18000 (-40%), FTM price unchanged on the day +/- $0.20
That is, it can be assumed that FTM is purchased in the FTMBTC pair, which gives hope that Fantom is still interesting to large investors.
And therefore, the growth of the FTM cryptocurrency, at least to the above-mentioned liquid zone of $0.67-0.80, is completely real, and this is x3 from the current price.
