Long
Head and Shoulders with price retest
A drastic dip occurred with week buy action. FTM value has been reset to the low 0.60 zone. I expect a price bounce from the head and shoulder retract. I called a head and shoulder earlier this week on the XRP chart, and FTM has also followed that trend. 20MA and 200MA are still playing the break for all long positions. The moving average holds uptober excitement, but we will have to wait and see if it will hold strength and value next week.
Support - 0.56
Resistance - 0.65
Momentum - Low
Volume strength - Sell
Fear & Greed Index - Greed (73)
Fundamental analysis—With new price discoveries, it has been a rough week for all cryptocurrencies. I've noticed that the world crisis events will determine crypto price bounces. A lot of selling occurred with whale accumulation.
Support - 0.56
Resistance - 0.65
Momentum - Low
Volume strength - Sell
Fear & Greed Index - Greed (73)
Fundamental analysis—With new price discoveries, it has been a rough week for all cryptocurrencies. I've noticed that the world crisis events will determine crypto price bounces. A lot of selling occurred with whale accumulation.
Note
FTM is currently in an uptrend following the price bounce from the pullback. The 200MA is still playing the break. We should see a positive price discovery for the month of October looking to break $0.65. If FTM can break the $0.65 mark this week, I see it rallying to $0.70. A decent buying volume has happened over the past couple of days. Note
FTM broke the resistance of 0.70 from a price bounce after its sell-off. Buying volume is currently in an uptrend. The healthy buying volume will help FTM play above resistance, which will find new lows and highs. October looks to be bullish for FTM.Note
FTM faced a rejection, retracting around 11.5%. According to the 4-hour chart, the 200MA is still playing the break but is begging to get tighter. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.