Short
FTM CORRECTION INCOMING
FTM has seen a lot of growth the past few months, however it is due for a correction.
Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave,
should we get that same retracement, FTM will be on a discount price at just below $1
Coupled with the bearish Divergence it seems just about right to me.
Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility.
Hope this helps.
Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave,
should we get that same retracement, FTM will be on a discount price at just below $1
Coupled with the bearish Divergence it seems just about right to me.
Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility.
Hope this helps.
Trade fechado: objetivo atingido
Well hopefully We all considered the possibility that this would happen and now it has.
If you waited for the dip, you have yourself a steal of a bag at the moment.
If you shorted, well then congratulations. Should have nice profits by now.
PS: Target met on KUCOIN Exchange to perfection.
Trade fechado: objetivo atingido
Trade fechado: objetivo atingido
If you want to try your luck on price making a retest of the support area, you can watch for this axcending trendline as well for a wick.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.