#FTM#

$FTM price analysis using movement in descending channel with historical data.
$FTM is moving a descending channel after hitting the local top.
There are two possible actions for future price movement. These two cases are shown in figures. These different possible outcomes are based on the descending channel indicator historical movement analysis.
i) $FTM break out and retest local support created in the descending channel and move in an upward direction which is a good opportunity for those who are long buyers as they need to wait for confirmation of retest before any possible upward move.
ii) $FTM break out fail and possible opportunity for short-sellers created way down to the horizontal support of the previous wave. On the horizontal support. Then possible Opportunity for long buyers is on the horizontal line.
See figures for details.
DYOR for financial activities. This information is for purely learning and education purposes.
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