Fantom / TetherUSShort
$FTM PROBABLE PRICE ACTION
If we go back 10 days before the first (MA7,MA50) intersection, we notice the similarity between the price action than and now before the 2nd intersection occurred :from the tops (red arrows) to the rebound at the same line (green arrows).
In addition , both intersections happened at the middle line of the channel.
If we copy the price action that happened after the 1st intersection (black line) and we put it after the 2nd one ,we may have the potential price action that will occur next.
Note that the price is swinging in the channel and has already rebounded from the resistance line.
Don't forget that we are currently in a bear market.
In addition , both intersections happened at the middle line of the channel.
If we copy the price action that happened after the 1st intersection (black line) and we put it after the 2nd one ,we may have the potential price action that will occur next.
Note that the price is swinging in the channel and has already rebounded from the resistance line.
Don't forget that we are currently in a bear market.
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