Long
FTM/USDT TA AUGUST 21, 2022
After a bearish weekend alongside btc, ftm made a double bottom as you can see from a chart. Slowly building momentum and potential harmonic patterns. 1st pattern (big) is a potential cypher pattern. If you try to study the chart, it can also be seen that it's potentially forming an inverted head and shoulder (no right shoulder yet.) A small potential cypher pattern as well can be formed which can be the right shoulder for our TA.
p:s this is my own technical analysis. Trade at your own risk.
p:s this is my own technical analysis. Trade at your own risk.
Note
the potential target is the completion of the pattern at 0.3255Note
FTM IS STARTING TO MOVE TO THE UPSIDE AFTER RETRACING LIKE WHAT WE SAID IN THE ANALYSIS.Trade closed manually
im closing my position with a positive pnl. The reason why i wont wait for the price to reach 0.3255 is i saw a symmetrical triangle and a momentum going to the down. This is how fast the crypto market change it bias that's why trade wisely.
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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.