FTMUSDT technical analysis
First of all there is a nice looking wolfe wave pattern and the price breakouted the pattern line
Price made a correction to fibonacci levels.
Then went to the ABCD pattern points
The breakout volume is nice and the macro correction is to the fibonacci points are nice looking.
Also another ABCD pattern is possible.
If bullish trend continues those levels are possible aims. But that case is not certain like all the market movements so those fibonacci levels, supports and resistances must be watched carefully
Price made a correction to fibonacci levels.
Then went to the ABCD pattern points
The breakout volume is nice and the macro correction is to the fibonacci points are nice looking.
Also another ABCD pattern is possible.
If bullish trend continues those levels are possible aims. But that case is not certain like all the market movements so those fibonacci levels, supports and resistances must be watched carefully
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.