BULLISH ON THIS FTM TWO-YEAR APEXIn this chart of BINANCE:FTMUSDT , we saw an apex pattern and I would consider bullishness for this coin because of these factors:
Triangle and its past. The specific pattern shown is a descending triangle from its prior uptrend movement from a daily and weekly timeframe, indicating a higher chance of a resistance breakout.
Respecting the elderly. In terms of the seniority, the current resistance line is formed in January 2022 while the support is two years old and six months older. In my trading experience, the old will have the "firmness" and conviction.
I also posted this on my past idea of this two-year support, true enough the market respected it.
Take note, price rejection can happen, plot your support lines on an hourly perspective as possible.
I would add more goodies in the comments down below.
Always PLAN your trades and happy trading!