Just an IDEA ( FTM 1D )

1. Juni

I think we are not in a good situation right now, and we need to follow this trendline. Since the EMA 200 daily is under this trendline, it is very important.
We could hope that if we lose the trendline, We might go down with a shadow, touch the EMA 200, and then go back above the trendline again. Meanwhile, 0.55 is still a good level to consider.

Bullish Scenario:

If FTM can maintain above the trendline and the EMA 200, we might see a rebound towards the resistance levels at 0.8132 and potentially 1.0348.
A break above 1.0348 could signal a stronger upward movement.

Bearish Scenario:

If FTM breaks below the trendline and fails to hold the EMA 200 support, we could see a drop towards the 0.55 support level.

The worst-case scenario THAT I DONT WANT TO Consider YET , is that we could see FTM dropping to around 0.42-0.43.

let me know what you think please

7. Juni

Trade ist aktiv

9. Juni

Trade ist aktiv

The upper trend line acted as a strong resistance area, preventing us from breaking above it. Currently, we are below the trend line, and yesterday it helped us . Today's candle is crucial; if we close below it, we could revisit the EMA 200, which serves as a significant support area. We should observe how the price reacts there, and if we break through it, a move towards 0.55 is possible.

15. Juni

Trade ist aktiv

As I mentioned in the last update, you can see we lost our trendline and reached the EMA 200 on the daily chart.
Now, we have two important supports here: one on the static trend line and the other on the EMA 200 daily. It's a very important support that can help us follow the upward movement, and it's crucial for us to maintain above it. However, if we lose these supports and close and maintain below them, there is a big possibility that we will see 0.55 again. It is also possible that we might touch 0.55 with a shadow and then move back upward. We should watch it closely.