FTM not only continues its price ascent since the 25th of Oct, but a nice cup and handle formation also forms on the 5 month timeframe. RSI is in support zone and the 50 day ema shows FTM looks set for a minimum of a 10% price gain. However, a drop in BTC could invalidate this price action so be alert. Target 1 : 0.3553 | Target 2 : 0.4013
Trade with caution...
#Btc is currently consolidating at @38,800usd but looks primed to fall to an established 30k support zone as indicated on the chart, seeing that it has fallen out of a full year’s ascending channel and has been rejected twice on it’s attempt to make a re entry back into that channel.
There’s been no major news for btc that’s strong enough to drive a strong...
The current correction should’ve been expected after such massive moves by a lot of cryptos last year, nevertheless, the wider crypto market is still apparently in a bullish cycle.
Terra bouncing off the 50 day ma. Rsi is in good support zone and the previous day is a green hammer candle which signals a possible reversal as the bulls are taking back control. Looks...
