Hello Traders!

This analysis for FTM was done at the request of one of our members . I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued.

So where is price headed?
– To be brutally honest… This is one of the worst charts that I’ve seen in a while. I can’t find a single Bullish indicator anywhere on the chart. I actually think FTM could be trading around 0.20 or less by the end of the year and I’m serious about this.
– In the short term I would like to say I think it could bounce considering it’s at a support level and has come into this level quick (indicator of potential bounce) but this crypto has underperformed so much that even when a bounce setup occurs it blast through the level and continues lower.

***I really don’t have much to say regarding this crypto, if it was me I wouldn’t put a single penny into FTM . It’s done nothing but trade down with the exception of a couple bounces but aside from that this has got to be one of the worst performing coins in Cryptoland.

– For anyone holding FTM , I’m not trying to be abrasive, I’m just giving my honest opinion.
***I suppose you could short FTM but I would caution against shorting period unless you are experienced.

***Let me finish by saying this…
– If you are HODL’er of FTM , I would think very carefully about your plans for this crypto. The probabilities of you continuing to lose money with FTM are VERY high especially considering BTC is projected to hit $20K in the coming months.
– Personally I learned the hard way and had liquidated my account on several occasions when I first started trading. I left my money in cryptos like ADA, holding on because my emotions told me to. There was no logical reason to it, the charts said otherwise but I was attached to it and couldn’t bare taking that size of a hit. In the end I lost all the money invested and learned the lesson of what happens when you allow your emotions to dictate your trading decisions.
– Lastly, I don’t know if anyone reading is in this particular situation, but either way it’s a good lesson to be learned. Charts like FTM will undue months if not years of work saving money to invest.

That’s all, thank you everyone and best of luck trading!