FTM breakout imminent
FTM has been in limbo today, and it seems that it wants to pick up where it ended yesterday. we are currently at a breakout level.
1H
Ichimoku cloud:
The Kijun and Tenkan lines are above the (green) cloud, and very close to each other. i'm expecting a cross within the next few hours. The cross above the cloud is a strong bullish signal.
Bollinger bands:
The price touched the upper band, but did not close there. this indicates that the upward movement will probably see continuation.
RSI:
RSI is 51 now, so there is plenty of room to push the price up. Because the market is pretty bullish, i'd say RSI is acceptable up to 70.
Volume:
The Volume is slowly getting less and less, indicating that there will be a move. daily close in 30 minutes. let's see what happens.
I hope you enjoyed my analysis and i would love to get you feedback and discuss.
Cheers,
Mike
1H
Ichimoku cloud:
The Kijun and Tenkan lines are above the (green) cloud, and very close to each other. i'm expecting a cross within the next few hours. The cross above the cloud is a strong bullish signal.
Bollinger bands:
The price touched the upper band, but did not close there. this indicates that the upward movement will probably see continuation.
RSI:
RSI is 51 now, so there is plenty of room to push the price up. Because the market is pretty bullish, i'd say RSI is acceptable up to 70.
Volume:
The Volume is slowly getting less and less, indicating that there will be a move. daily close in 30 minutes. let's see what happens.
I hope you enjoyed my analysis and i would love to get you feedback and discuss.
Cheers,
Mike
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.