Rawkz

Rawkz

The Wyckoff Distribution Schematic seems to line up pretty nicely for another short term drop as we enter phase e of the cycle. My expectation of the drop will bring us down to test the bull market support band, which is where I'd expect to see a bounce and a of consolidation before a continuation to the longer term trend to the upside.

Rawkz

FTM came down into the Fibonacci golden pocket as well as into the bull band supports. These are both important points in the chart where a strong possibility of reversal is indicated.

Rawkz Updated 

We’re getting close to the 30 mark on the RSI as well as coming to the bottom of a falling wedge. Sentiment reset and liquidity is flushed. Will we break out to the upside?

Rawkz Updated 

Fantom hasn't really followed the rules on it's move up, with regards to resistance levels. That being said, it wouldn't surprise me at all, if FTM came down and backtested the previous supports. If this happens, good layer 2 tokens are going to go absolutely nuts on the continuation up.

Rawkz

Expertly a sharp fake reversals off trendline only to forge a geeen engulf

Rawkz

FTM is preparing to penetrate the local high. This is a point of profit taking for bottom fishers. But, they’re going to cry they sold low and buy back higher.

Rawkz

It’s actually a pretty nice looking double bottom formation, the neckline functioned interestingly on the backtest, but overall, looks legit.

Rawkz

As of a comment from Taurusbilly who appears to be correct

Rawkz

Broke through descending wedge, back tested it, formed an inverted head and shoulders. Looks bullish.

Rawkz

UPCOM:FTM has been a bit of a laggard in the accumulation zone. Recently with a breakout, SOS, and continuation to the upside. One could expect based off this methodology, a very nice breakout to the upside.

Rawkz

Noticed an ascending wedge formation, suggests a retracement, aligns with price action of btc when breaking ath in previous cycles.

Rawkz

This is just for fun price prediction. I put the chart on a logarithmic scale, made a rough fit of the fractal, and put high to low Fibonacci lines on it for take profit points.

Rawkz Updated 

3 X Pattern for upward wedge with noticeable H&S, could've used Elliot's theory but believe this is more accurate. angle on last upper wedge not yet confirmed so there may be a minor adjustment in the last wedge.