FTM/USDT 2 Scenarios, Possible breakout to 2.5$ ?
Hello Traders,
- FTM/USDT broke below level zone 3.0$ ( Buyers turned to sellers and booked their profits at high level ), yet we can see based on 1D and 4H time chart FTM is overall bullish trading between our orange and blue channel yet we have 2 possible scenarios:
1 Scenario : Since we are in an uptrend generally the buyers should but the dip at 2.5$ If the price rebounds off the current level, it will suggest that sentiment remains bullish and traders are buying on dips. The bulls will then attempt to push the price above the overhead resistance at $3.48.
-If they succeed, the FTM/USDT pair could resume its uptrend with the next target objective at $4.10, followed by a move to the psychological level at $5.
2 Scenario : Contrary to this assumption, a break below the level support 2.5$ will signal that traders continue to dump their positions. The pair could then drop to the strong support/resistance zone 1.90$-2.0$ The negative divergence on the Stochastic oscillator suggests that the bullish momentum could be weakening.
- Please wait for the breakdown of the channel if sellers managed to break below 2.5$ support then we will go back to 1.90$ ( good buying zone ) unless buyers could rebound above support 2.5$ taking back the price to 3$
Good Luck, Traders!
- FTM/USDT broke below level zone 3.0$ ( Buyers turned to sellers and booked their profits at high level ), yet we can see based on 1D and 4H time chart FTM is overall bullish trading between our orange and blue channel yet we have 2 possible scenarios:
1 Scenario : Since we are in an uptrend generally the buyers should but the dip at 2.5$ If the price rebounds off the current level, it will suggest that sentiment remains bullish and traders are buying on dips. The bulls will then attempt to push the price above the overhead resistance at $3.48.
-If they succeed, the FTM/USDT pair could resume its uptrend with the next target objective at $4.10, followed by a move to the psychological level at $5.
2 Scenario : Contrary to this assumption, a break below the level support 2.5$ will signal that traders continue to dump their positions. The pair could then drop to the strong support/resistance zone 1.90$-2.0$ The negative divergence on the Stochastic oscillator suggests that the bullish momentum could be weakening.
- Please wait for the breakdown of the channel if sellers managed to break below 2.5$ support then we will go back to 1.90$ ( good buying zone ) unless buyers could rebound above support 2.5$ taking back the price to 3$
Good Luck, Traders!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.