As shown in my previous chart (linked in the related ideas), FTM is so far going according to plan. First target has been hit for a nice 14% if you entered on the retest of support. Two key levels to keep an eye on going forward is the daily support level at 160 sats and the daily resistance level at 183 sats . I anticipate an accelerated upwards breakout once the...
FTM broke out from a tight range it had been operating within since September. If you missed it then you should be looking at a retest of the breakout area at ~155-160. Barring any harsh moves from BTC, FA catalysts like their mainnet launch in December should be provide enough fuel to reach the targets shown in the chart.
As expected, FETBTC broke out from the pennant with good supporting volume. It has now reached a point of resistance and a retracement to 480 sats is a possibility, which would provide a good entry point if it holds. Otherwise, a break and hold above 506 sats should initiate a move to the next targets at 550 and 575.
FTMBTC had a nice 30%+ rally following some bullish divergence on the 12H and is now cooling off after hitting resistance. Expecting some consolidation into the recent S/R flip at 140-145 sat, which could be an ideal entry. For a more cautious approach, wait until resistance is pierced and reclaimed at 165.
FETBTC is nearing the apex of the pennant its been forming in the last couple of months. It reclaimed an important support level and is now showing a steady increase in volume. The current favorable sentiment for alts is making me lean towards a positive/upwards break of the pennant, with targets being the highlighted previous support level and beyond.
