Fantom / TetherUSPembelian
FTM: Bullish Breakout Imminent! Watch for Confirmation
đź’Ž FTM has recently broken out of a descending channel by forming a W pattern on the 200 EMA. Additionally, the price has exhibited Change of Character (CHoCH) and Break of Structure (BOS), indicating a shift towards a bullish market structure.
đź’ŽCurrently, I anticipate a retracement on FTMUSDT towards the Bullish Order Block (OB), which is also supported by the Fibonacci 0.618 level and the 200 EMA. Prices near this level may show a bounce, but it's advisable to wait for confirmation through bullish candlestick formations.
đź’ŽIf the price directly breaks the first resistance level, it can be considered a bullish structure, further increasing the probability of a bullish trend continuation.
đź’ŽHowever, if FTMUSDT breaks down directly below the bullish OB, it would be prudent to exercise caution and potentially avoid trading FTM until clearer market signals emerge.
đź’ŽCurrently, I anticipate a retracement on FTMUSDT towards the Bullish Order Block (OB), which is also supported by the Fibonacci 0.618 level and the 200 EMA. Prices near this level may show a bounce, but it's advisable to wait for confirmation through bullish candlestick formations.
đź’ŽIf the price directly breaks the first resistance level, it can be considered a bullish structure, further increasing the probability of a bullish trend continuation.
đź’ŽHowever, if FTMUSDT breaks down directly below the bullish OB, it would be prudent to exercise caution and potentially avoid trading FTM until clearer market signals emerge.
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