FTM / USDT 4H Interval - Targets and Resistance
Hello everyone, let's look at the FTM to USDT chart on a four-hour time frame. As you can see, the price has broken out of the local downtrend line.
Let's start with the support line and as you can see the first support is $0.184, if the support is broken then the next support is $0.178, $0.172 and $0.167.
Now let's go to the resistance line, as you can see the first resistance is $0.193, if you manage to break it, the next resistance will be $0.198, $0.206 and $0.216, reaching the fourth resistance will give the price an increase of fourteen percent from the current price.
Looking at the CHOP indicator, we see that in the four-hour interval we still have a lot of energy for further movement, and the makdi indicator indicates a local uptrend.
Let's start with the support line and as you can see the first support is $0.184, if the support is broken then the next support is $0.178, $0.172 and $0.167.
Now let's go to the resistance line, as you can see the first resistance is $0.193, if you manage to break it, the next resistance will be $0.198, $0.206 and $0.216, reaching the fourth resistance will give the price an increase of fourteen percent from the current price.
Looking at the CHOP indicator, we see that in the four-hour interval we still have a lot of energy for further movement, and the makdi indicator indicates a local uptrend.