FTMUSD in 12H time frames

٣١ ديسمبر ٢٠٢١

I would love for FTM to have a green weekend, but I'm not certain. At this and lower time frames, there's plenty of room for movement to $2.10, just based on mean regression. While this time frame pattern is encouraging, the current candle is less so. There is support at $2.16, so there's still a chance for a strong bounce out of this pattern but I suspect we will need a few more candles. RSI also shows a little room, and I'd like to see a nice low value before we try to move on.