Hello everyone, let's take a look at the FTM to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.45, if the support breaks down, the next one is $ 1.37 and $ 1.31.
Now let's move from the resistance line, as you can see the first resistance is $ 1.68, if you can break it the next resistance will be $ 1.86 and $ 2.08.
Looking at the CHOP indicator, we can see that in the 4-hour period, despite the last move, we still have a lot of energy to continue.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.45, if the support breaks down, the next one is $ 1.37 and $ 1.31.
Now let's move from the resistance line, as you can see the first resistance is $ 1.68, if you can break it the next resistance will be $ 1.86 and $ 2.08.
Looking at the CHOP indicator, we can see that in the 4-hour period, despite the last move, we still have a lot of energy to continue.