Fantom// Triangle Break&Retest
Been watching FTM for a few days along its trend line and it finally got a high volume boost breaking the resistance at 78%. We currency have a retest of that zone and I expect a bullish reaction to the broken resistance now support. Naturally, each fib level will act as strong resistance. These can be used as references as TP areas on the chart.
Reasons not to enter yet:
1. Still under main up-trend line
2. Bears in control with last 4H Bearish engulfing candle.
3. BTC holding some bearish pressure at 55k.
Reasons not to enter yet:
1. Still under main up-trend line
2. Bears in control with last 4H Bearish engulfing candle.
3. BTC holding some bearish pressure at 55k.
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.
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.