Fantom (FTM) - Bullish divergence

Everyone is so focused on what Bitcoin is not doing that there’s a real risk the best opportunities are passing us by. Those opportunities are found in the alt tokens following massive sell offs. We find them by studying the BTC pairs. Those studies are assisted by focusing on time frames greater than the daily chart during times of such uncertainty.

On the above 2-day chart price action has corrected a whopping 90% since the year began. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal.

2) Regular bullish divergence. Currently 10 oscillators are printing positive divergence over a 26 day period.

3) Price action has printed a Dragonfly DOJI candle on the Fibonacci level 0.78 formed by the 2021 July lows.

4) RSI resistance breakout.

5) Price action is approaching a trend line of high confluence going back to late 2018. It was found by studying the 10-day chart.

Is it possible for price action to fall further? For sure.

Is it probable? 5% to be technical.

Good luck!

Ww

PS: Have a loot at the track record below on the ideas for this one, 3 out of 3 so far, will this be no. 4? OF course it will ;)

Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: don’t know

تعليق:

Incidentally here is the 3-day dollar chart and future projection in the months ahead. If you want to be notified of a possible 70%+ scalping opportunity a few months down the line (look left) with price action making the journey up, then make a donation. Only the first 10 highest bidders added to the notification list, don't have time to notify everyone.

تعليق:

Just an observation on the 2-day dollar chart. The last time the 2-day 'great buy' signal printed with 77% probability price action rallied 150000%.
The same indicator today triggers with 82% probability. Perhaps this time is different.

تم فتح الصفقة

تعليق:

A signifiant breakout should be expected in the coming days.

تم فتح الصفقة:

Did you see?

Will publish what on Patreon.

تم فتح الصفقة:

30% upside move soonish

تم فتح الصفقة:

Price action is up 100% since publication. On the weekly chart a significant bullish cross has just printed not seen since August 2020. At that time a 200% rally followed the cross. (Blue boxes).

Be long from 1600

weekly

تم فتح الصفقة:

Kein bock to publish another idea on this one... suffice to say, when this idea was published price action shot up 200%.

Deja-vu all over again. The timeframe is now.

FTM-BTC 2-day