Fantom bottom pivot

4 nov 2021

FTM 4hr looks to have a bottom pivot forming from the low point at $2.40 we need confirmation on the close of the current candle FTM had a massive run the last 28 days like 250% increase to form a double top bearish formation at our target almost hitting it at $3.55 prior to this 30% capitulation shakeout phase and paperhands could be done we will see the next couple of candles Parameters are reset for the next mega run to $4.10-$4.55 after reclaiming the ATH area at $3.50 The price action is not super bullish yet we need to see price regain some critical ma's and the Ichimoku cloud needs to be speared