HONEYITSGONE here providing a quick and simple FTM/USD analysis.
Firstly FTM ecosystem has been exposed. Crucial developers such as Andre Cronje have abandoned all projects associated with this ecosystem due to scandals. Michael Patryn who lead the QuadrigaCX crypto scam that stole hundreds of millions from investors and also ran an Identity Fraud ring has been exposed as one of many leads of the FTM ecosystems. Clearly, there is a scam going on and You should beware of this. This is the main reason Andre Cronje left. He doesn't need his reputation to be tainted by the likes of Michael Patryn. That being said, Don't Short this crypto as even though it's a Scam it requires little liquidity to pump it. Sell this coin and never look back. don't be a bag holder because I assure you Michael Patryn is a terrible person and since he was confirmed to be part of these projects by the FTM developers Run far far away. Your money is not safe with him. If you want to gamble on this be my guest but you're much better off holding Bitcoin or Ethereum.
FTM is currently useless. speculating the price of this coin is dangerous. Most FTM is held by Developers and unfortunately, at this point, Michael Patryn is upon them, therefore, they can't be trusted. The price of FTM is slowly making its way to sweeping local lows. PA is slowly making its way towards a crucial support level and if lost can take us to the $0.40-$0.60 range quickly. There needs to be FULL transparency coming from the FTM ecosystem moving forward otherwise it will completely fail. MACD signaling is bearish and a nasty previous close is signaling market sentiment. Don't wait for them to dump on you.
Have a great day/night
Best of luck,
HONEYITSGONE!
Firstly FTM ecosystem has been exposed. Crucial developers such as Andre Cronje have abandoned all projects associated with this ecosystem due to scandals. Michael Patryn who lead the QuadrigaCX crypto scam that stole hundreds of millions from investors and also ran an Identity Fraud ring has been exposed as one of many leads of the FTM ecosystems. Clearly, there is a scam going on and You should beware of this. This is the main reason Andre Cronje left. He doesn't need his reputation to be tainted by the likes of Michael Patryn. That being said, Don't Short this crypto as even though it's a Scam it requires little liquidity to pump it. Sell this coin and never look back. don't be a bag holder because I assure you Michael Patryn is a terrible person and since he was confirmed to be part of these projects by the FTM developers Run far far away. Your money is not safe with him. If you want to gamble on this be my guest but you're much better off holding Bitcoin or Ethereum.
FTM is currently useless. speculating the price of this coin is dangerous. Most FTM is held by Developers and unfortunately, at this point, Michael Patryn is upon them, therefore, they can't be trusted. The price of FTM is slowly making its way to sweeping local lows. PA is slowly making its way towards a crucial support level and if lost can take us to the $0.40-$0.60 range quickly. There needs to be FULL transparency coming from the FTM ecosystem moving forward otherwise it will completely fail. MACD signaling is bearish and a nasty previous close is signaling market sentiment. Don't wait for them to dump on you.
Have a great day/night
Best of luck,
HONEYITSGONE!
Comment:
Sweep of local lows. Lets see if bulls can continue to pump this scam.
Comment:
Still holding range. I am not a crypto buyer unless FTM addresses and rectifies the Michael Patryn situation. FTM is a good project, but Michael Patryn raised red flags across the spectrum. To be clear, I am not calling the fundamentals of the project a scam. FTM project is a superior blockchain, but the Team needs full transparency, and as long as scam artists are involved, I prefer to stay away. None of this is financial advice—just thoughts based on previous experiences with Michael Patryn.
Comment:
rejection at a crucial resistance. A buyer wants to see a break and entry on retest.
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