Fantom (FTMUSDT) Short Signal on 4-Hour Timeframe💡 Technical analysis shows that after completing a 5-wave Elliott pattern, Fantom has entered a corrective phase, forming an ABC correction. Additionally, a Head and Shoulders pattern is in progress, with a potential neckline break signaling an ideal short entry.
🎯 Price Targets:
Target 1: $0.53
Target 2: $0.44
Target 3: $0.32
⏳ Correction Timeframe: Late December 2024 to early January 2025
This time window provides promising shorting opportunities for Fantom. The specified targets can also be considered for re-entry into long positions, as a new bullish wave may begin after the correction completes.
⚠️ Stop Loss: Set a stop loss slightly above the neckline to protect capital.
Cryptosell
SOL: Thoughts and Analysis Today's focus: SOL
Pattern – Support Test
Support – 123.50
Resistance – 140.36
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SOL on its daily chart.
Few things to watch, key support being the main one. Will we see a bounce or a break? If we see a bounce with this, then contnue the overall descending triangle pattern.
Good trading.
BITCOIN: Bearish Pin Bar Signal$BITCOIN ($BTCUSD) – Cash: The Bearish Pin Bar Signal triggered
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in the May 11th, members' daily newsletter).
Price significantly moved lower from the prior Multiple Inside Bar Pattern that had formed just above the 37559 prior short-term support level (Which is now a Key resistance level and an Event Area) over a week ago (We suggested trading this pattern in the April 29th, members daily newsletter).
Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the 37559 key resistance level and the recent Multiple Inside Bar Breakdown Pattern (Event Area).