Pembelian
š„ FTM Bear Flag Breaking Out: Start Of New Bear Trend
Last month I made an analysis on FTM and the fact it was on the verge of breaking out through a macro bullish support line.
Since then, FTM has fallen a lot, bottoming around $0.25 recently. Since then, we've been cautiously trading bullish. However, it appears it's nothing more than just another bear flag pattern, which is a bearish continuation pattern.
If we break out on the lower side of the flag, I'm expecting a re-test of $0.25 at the very least. If BTC will continue to fall, we're going down further to $0.16, which is a macro support area from the summer-21 bear. See previous FTM analysis above.
$0.16 could very well function as a bear market bottom for this token, time will tell.
Since then, FTM has fallen a lot, bottoming around $0.25 recently. Since then, we've been cautiously trading bullish. However, it appears it's nothing more than just another bear flag pattern, which is a bearish continuation pattern.
If we break out on the lower side of the flag, I'm expecting a re-test of $0.25 at the very least. If BTC will continue to fall, we're going down further to $0.16, which is a macro support area from the summer-21 bear. See previous FTM analysis above.
$0.16 could very well function as a bear market bottom for this token, time will tell.
Catatan
This is a SHORT idea. Forgot to click Short, it's automatically put on Long.
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šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
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šÆOfficial Channel: t.me/FieryTradingChannel
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.