Fantom: Ready or not?

29 MayFTM fell back to the upper edge of our magenta Target Zone ($0.7680 – $0.5047) last week and ran sideways above this level. Primarily, we continue to grant the coin the opportunity for a deeper dive into our range in order to reject the low of the magenta wave [ii]. Only then should it turn around and rise above the resistance at $1.22. Should this level be exceeded earlier (37% likely), however, we will have to place the price in this uptrend now.