We will now check the situation on FTM to USDT, first we will mark the downtrend channel in which the price has been moving for a long time, while locally we can mark the uptrend lines with yellow color.
As we can see we have a strong support zone from the seventeen cents to fifteen cents level which must hold the price to prevent it from deepening the channel, however if we go lower we can see the price around thirteen cents.
Looking the other way, we see that the first resistance is at twenty-one cents, the second at twenty-three cents, the third at twenty-four cents, and the fourth at twenty-seven cents. Only overcoming these resistances and leaving the channel upwards can open the way for greater increases.
Nevertheless, we can see that the energy is strongly charged and the makdi indicates an uptrend, and the volume is on the side of the buyers, if BTC maintains its level or starts to grow, we can see an increase in the FTM price.
As we can see we have a strong support zone from the seventeen cents to fifteen cents level which must hold the price to prevent it from deepening the channel, however if we go lower we can see the price around thirteen cents.
Looking the other way, we see that the first resistance is at twenty-one cents, the second at twenty-three cents, the third at twenty-four cents, and the fourth at twenty-seven cents. Only overcoming these resistances and leaving the channel upwards can open the way for greater increases.
Nevertheless, we can see that the energy is strongly charged and the makdi indicates an uptrend, and the volume is on the side of the buyers, if BTC maintains its level or starts to grow, we can see an increase in the FTM price.