FTM shows a clear double top (bear formation), like other top alts ( in a more shy way). Others show also double top but last peak higher is than the first one (like BTC), but we should imho play safe and considerer double top the same.
Due to the delicate macro situation, pre war cenario, inflation, tax rates, sp500 double top, btc domination rise, and so on, I...
LCID: Strong downwards wedge after impulsive move signals a bull flag
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this...
Price has hit a key 423.6 resistant Fibo level which I believe will push lower to the horizontal resistance turn support at the level 1.75294. RSI is trending lower at a high overbought level and along with Stock trending down. Price may be pressured downwards to the key horizontal level. Confirmation on H4 shows downward pressure.
