Corto
FTM breaking to the downside!
Here we go 
FTM lovers!
Unfortunately FTM formed a bearish flag and broke out of it to the downside and this suggests even more downside, especially as the whole market is very weak, and macroeconomic context is not too bright.
Bearish elements that are coming together:
1/ We have a lower high
2/ The rejection happened at the EMA
3) We have a bearish flag which broke to the downside
3) RSI is moving to the downside looking for a new low.
The best case scenario would be that we get a bullish divergence around 2$ followed by a impulsive move up.
FTM lovers!Unfortunately FTM formed a bearish flag and broke out of it to the downside and this suggests even more downside, especially as the whole market is very weak, and macroeconomic context is not too bright.
Bearish elements that are coming together:
1/ We have a lower high
2/ The rejection happened at the EMA
3) We have a bearish flag which broke to the downside
3) RSI is moving to the downside looking for a new low.
The best case scenario would be that we get a bullish divergence around 2$ followed by a impulsive move up.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.