Hello everyone, let's look at the 1D FTM to USD chart, in this situation we can see how the price is moving in a descending triangle where we are approaching the moment of trying to choose the direction in which the price can go further.
Let's start by defining the targets for the near future that the price has to face:
T1 = 0.66 USD
T2 = 0.81 USD
Т3 = 0.93 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 0.44 USD
SL2 = 0.31 USD
SL3 = 0.21 USD
If we look at the MACD indicator we can see a return to a local downtrend, however we are still in a place where the trend can reverse and surprise us with growth.
Let's start by defining the targets for the near future that the price has to face:
T1 = 0.66 USD
T2 = 0.81 USD
Т3 = 0.93 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 0.44 USD
SL2 = 0.31 USD
SL3 = 0.21 USD
If we look at the MACD indicator we can see a return to a local downtrend, however we are still in a place where the trend can reverse and surprise us with growth.
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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.
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.