Long
FTM Support and Resistance on 1 H

I am forecasting an uptrend for
FTM once 0.4672 zonal resistance is broken.
Trade active
It broke the resistance now 0.47 is support zone until 0.55 but it has potentials to go all the way upto 0.75 in this seasonTrade active
FTM is still moving side waysTrade active
This time FTM energy is different and very high , Five continuous greens on 1H , This kind of buying patterns can push this elephant far. I am glad that this is not a bird to fly and fallTrade active
I read somewhere (can't remember the source but google might help) that a billion tokens were purchased around 0.47 mostly large buyers might look to double their investments. Coming back to technical analysis FTM raised along with BTC if the situation is like this it will touch ~56 by this Friday.Trade closed manually
I closed the trade manually to book some profits, I will keep on eye on FTM for second roundDisclaimer
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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.