Bearish.

11 de jan. de 2022

FTM USD chart looks like it is forming a head and shoulder's on the daily chart. If bitcoin decides to drop, it drags alts down with it. Bitcoin has a decision to make in the next upcoming days to determine if an uptrend is still valid therefore the market reverses up, otherwise we could see downside. The dollar is pushing up since the feds are going to raise interest rates to fight inflation. The market sentiment is bearish as well, but this can change in a heart beat so it is not a major factor. Finally I remain bearish untill bitcoin closes above 53k and FTM closes above 2.66.