Several triangles to be found on the FTM chart. A good possibility for it to break the big symmetrical triangle. But if third factors are gonna play in such as BTC, Ether or Stock market. This might see the bottom of this triangle again.
The green box tested the bottom side of the triangle for good support. Confirming the symmetrical triangle.
The chart Looks still bullish from my point of view. Touching the upper side of the triangle alot.
But if we take a closer look to the RSI. It's making a Descending triangle. Obviously such thing doesn't exist. But it's rejecting to go higher.
So I'm still neutral on the short term, untill we see a good sign of a breakout. For the Long term am bullish to see bigger targets.
First target is the red box.
Stop loss 0.28? Or you can decide.
DYOR Do your own research
The green box tested the bottom side of the triangle for good support. Confirming the symmetrical triangle.
The chart Looks still bullish from my point of view. Touching the upper side of the triangle alot.
But if we take a closer look to the RSI. It's making a Descending triangle. Obviously such thing doesn't exist. But it's rejecting to go higher.
So I'm still neutral on the short term, untill we see a good sign of a breakout. For the Long term am bullish to see bigger targets.
First target is the red box.
Stop loss 0.28? Or you can decide.
DYOR Do your own research