🔥 FTM Head & Shoulders Complete: Massive Sell-Off Ahead?
FTM is currently trading on top of the bull-market support line. By touching it yesterday, FTM has successfully completed a head & shoulders pattern.
This pattern is a bearish reversal pattern and usually the start of a new bear trend. This could indicate that the "real" drop of FTM has yet to occur.
In my view, there's only two areas of support in the vicinity, $0.15 and $0.055, which are drawn in blue.
At last, for whom have concerns about the validity of this pattern: H&S patterns do not have to be symmetrical and/or horizontal, shoulders can also be different heights.
This pattern is a bearish reversal pattern and usually the start of a new bear trend. This could indicate that the "real" drop of FTM has yet to occur.
In my view, there's only two areas of support in the vicinity, $0.15 and $0.055, which are drawn in blue.
At last, for whom have concerns about the validity of this pattern: H&S patterns do not have to be symmetrical and/or horizontal, shoulders can also be different heights.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.