🔥 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
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.