๐ฅ FTM Ascending Wedge: All Time High Break Out
FTM has been on a massive run since the July lows. However, FTM has been forming an ascending wedge over the last two months, which is classically a bearish pattern.
If FTM were to follow the wedge pattern, we can soon expect both a new all time high and a reversal from the pattern resistance. This would be around $2.60. In case of a reversal, I'm looking at the $2 area for a potential bounce from the pattern support.
However, with Bitcoin being incredibly bullish, there's a big chance that FTM will just burst through the pattern resistance and make its way to $3. I'm looking at the $3 to $3.25 area for a potential correction in case of a bullish break out.
Happy trading!
If FTM were to follow the wedge pattern, we can soon expect both a new all time high and a reversal from the pattern resistance. This would be around $2.60. In case of a reversal, I'm looking at the $2 area for a potential bounce from the pattern support.
However, with Bitcoin being incredibly bullish, there's a big chance that FTM will just burst through the pattern resistance and make its way to $3. I'm looking at the $3 to $3.25 area for a potential correction in case of a bullish break out.
Happy trading!
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๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
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