Short
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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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.