FTMUSD weekly seems to follow a Gann Fan pattern since the beginning of its Bullish movement.
It has been benefiting from a very good support of 2/1 and in the recent weeks from 1/1.
Right now it has touched 1/2. It may follow it's Bullish movement and go further to make a full Arc. However, as 1/2 is a heavy resistance point, a reversal of trend to 1/1 is possible where it can get another good support to re-try 1/2 and complete the Arc.
If Reversal happens and 1/1 would not support it, then we can expect a very good support from 2/1 which indeed worked as a strong support since the beginning of the Bullish movement.
Lets wait and see.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
---
JUST FOR EDUCATIONAL PURPOSE
It has been benefiting from a very good support of 2/1 and in the recent weeks from 1/1.
Right now it has touched 1/2. It may follow it's Bullish movement and go further to make a full Arc. However, as 1/2 is a heavy resistance point, a reversal of trend to 1/1 is possible where it can get another good support to re-try 1/2 and complete the Arc.
If Reversal happens and 1/1 would not support it, then we can expect a very good support from 2/1 which indeed worked as a strong support since the beginning of the Bullish movement.
Lets wait and see.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
---
JUST FOR EDUCATIONAL PURPOSE