FTM broke out of its bull trend, failed to break above the Daily 30EMA and fell back down to $0.375. With Bitcoin and the rest of the crypto market following suit, are we ready to short? How do we trade this? 🤔 Since my last FTM analysis, I provided this updated chart depicting what I believed was a likely outcome of the price action. A pullback from the...
Fantom has pulled back from its $0.46 high and closing the gap to the 30EMA. Are we about to fall through the EMA ribbons back down in the $0.20-$0.30 range? How do we trade this? 🤔 Fantom is still in the bull channel, but has a few datapoints working against it. First, there have been three pushes up in the bull channel, a typical number of legs in a trend...
Market just finished forming M pattern, we are expecting to see a retrace to a neckline and drop to 0.335 zone Entry: 1.43 Invalidation: 1.748 Target: 0.33