FTM/USDT TA AUGUST 21, 2022

21. Aug. 2022

After a bearish weekend alongside btc, ftm made a double bottom as you can see from a chart. Slowly building momentum and potential harmonic patterns. 1st pattern (big) is a potential cypher pattern. If you try to study the chart, it can also be seen that it's potentially forming an inverted head and shoulder (no right shoulder yet.) A small potential cypher pattern as well can be formed which can be the right shoulder for our TA.

p:s this is my own technical analysis. Trade at your own risk.

21. Aug. 2022

Kommentar

the potential target is the completion of the pattern at 0.3255

23. Aug. 2022

Kommentar

FTM IS STARTING TO MOVE TO THE UPSIDE AFTER RETRACING LIKE WHAT WE SAID IN THE ANALYSIS.

23. Aug. 2022

Trade wurde manuell geschlossen

im closing my position with a positive pnl. The reason why i wont wait for the price to reach 0.3255 is i saw a symmetrical triangle and a momentum going to the down. This is how fast the crypto market change it bias that's why trade wisely.