God bless triangles, wolves🔥
There is a Symmetrical triangle formation on FTM/USDT crypto pair.
Previous bullish trend was broken and price started to fall.
According to Elliott Waves theory Wave D is done and now price is heading to Wave E.
However price may break the level earlier.
That's why follow the chart and look for the breakout carefully....
Tonight, the price action lands successfully on 61% retracement. As of the moment, im going to add some bag for this coin since I'm just trading this on spot.
My bias for this would be a trend reversal after landing on 61% retracement, in ADX indicator it is showing that the down trend momentum is getting weak in daily and 4 hours time frame which...
After deeply analyzing FTM's market behavior I came across a notable similarity from its previous consolidation.
Fib. levels from the current consolidation are almost identically crossed, resisted, and supported by the previous consolidation's fib levels. Hence, I decided to retrace the market movements from both consolidations which both represent their actual...
SO FAR WE HAVE BEEN FOLLOWING TREND LINES WELL.
lARGER TIME FRAMES GIVE A GOOD PICTURE ONCE RELEVANT DATA IS THERE.
SMALLER TIMEFRAMES ARE USED AFTER BIG MOVE ARE DONE. TO LOOK FOR DATA.
MY ENTRY STARTED 0.332 ON THE LAST DIP.
STILL IN THE READE NOW.
WILL EXIT NEAR 0.75 DEPENDING ON THE QUALITY OF MOVE.
Fantom (FTMBTC) hit a low on May 2020 at 38 satoshis (0.00000038).
What followed was a very strong bullish wave that produced 1200%+ in growth.
The peak was hit in September 2020 and then we had a strong correction that ended in a higher low.
Early January the low was hit at 47 satoshis (0.00000047) and now prices are starting to grow.
We have all the same...
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☑️ Thank You For Your Consideration ..
After seeing some incredible gains during February, FTM has seen a prolonged period of bearish movement in March.
Seeing most of the crypto market is recovering from a volatile March, FTM is following with a bull-flag breakout. Seeing the past bullish volatility, this breakout could very well target the current ATH around 0,88.