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FieryTrading
Jun 16, 2022 2:45 PM

🔥 FTM another Bear Flag Short

Fantom / TetherUSBinance

Description

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Over the last couple of days, FTM (and many other alts) seem to be holding up quite well, even with BTC dumping hard.

However, I think that this relief is only temporary. FTM has been forming a bear-flag over the last couple of days, which I think will break bearish sooner or later.
Hard to say when it exactly will break down, since we can still re-test the top resistance for another time, but eventually we will.

In the near-term I'm aiming at a $0.2 target, longer-term $0.16
Comments
Vibranium_Capital
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interesting idea
AlCap122
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The more the sale, the better !
armanentezami70
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no
UnknownUnicorn15614419
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Great job
CobraVanguard
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Professional work, I really like it
DeGRAM
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Thank you for sharing
Solldy
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Great explanation of the analysis! Interesting what timeframes do you use most often in your analysis?
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