FTMUSDT Elliott Wave Technical Analysis
Mode: impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 0.81-0.74 which will be my entry point.
Next Direction: Wave (5)
Target : the area between 1.41-1.48 with 80% profit
Wave Cancel invalid level: Daily closing below 5.6 with 30% loss, it is a little big stop loss, but FTM proved that it was not greatly affected by the declines of Bitcoin in the past months, which gives it high reliability, in my opinion
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Mode: impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 0.81-0.74 which will be my entry point.
Next Direction: Wave (5)
Target : the area between 1.41-1.48 with 80% profit
Wave Cancel invalid level: Daily closing below 5.6 with 30% loss, it is a little big stop loss, but FTM proved that it was not greatly affected by the declines of Bitcoin in the past months, which gives it high reliability, in my opinion
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Trade active:
we may visit this area again, so you can support your previous entry, and the target of wave 5 now may reach 1.6 but I will update it later
