Possible new rally for Fantom (FTM/USDT)?
Possible setup:
Wave 4 is unveiling it self as a triangle for an upside to complete wave 5. A key level on 0.3482 (Wave C of triangle) and a Wave 5 target on 0.8389 gives this setup a good risk to reward ratio.
The triangle thrust could reach the 0.6549 key level and would be a nice place to take profit and move the stop loss up. If the key level is taken out the a wave 5 target on 0.8389 could be next.
A more conservative approach would be to wait for wave E to complete and take out the extreme of wave B.
Wave 4 is unveiling it self as a triangle for an upside to complete wave 5. A key level on 0.3482 (Wave C of triangle) and a Wave 5 target on 0.8389 gives this setup a good risk to reward ratio.
The triangle thrust could reach the 0.6549 key level and would be a nice place to take profit and move the stop loss up. If the key level is taken out the a wave 5 target on 0.8389 could be next.
A more conservative approach would be to wait for wave E to complete and take out the extreme of wave B.
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