Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. FTM falls below $0.216 and is likely headed much lower Spikes in exchange inflows suggest rising selling pressure Fantom [FTM] has not shown much volatility over the past two weeks. For the most part, […]
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Spikes in exchange inflows suggest rising selling pressurehas not shown much volatility over the past two weeks. For the most part, the price bounced between the $0.218 and $0.23 levels, which stood just under 5% apart. In a market used to far greater volatility, trading FTM might not have been as interesting recently.
Hence, the trend was clearly bearish and a trade taken along with the trend would be more likely to succeed. With Bitcoin barely holding on to the $19k support as well, the next week or two could see a sharp move downward for FTM.
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