FTM/USD 8H possible correction?
Hello everyone, let's look at the 8H FTM to USDT chart, in this situation we can see how the price has broken out of the local downtrend line, which it is currently moving above.
Let's start by defining the targets for the near future that the price must face:
T1 = $0.75
T2 = $0.86
Т3 = $1.02
Т4 = $1.19
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = $0.60
SL2 = $0.49
SL3 = $0.42
SL4 = $0.32
It is worth looking at the RSI indicator, which shows how strongly we have broken out of the upper limit of the range, moreover, here we can see how we have touched the level of 81, at which price rebounds were previously visible.
Let's start by defining the targets for the near future that the price must face:
T1 = $0.75
T2 = $0.86
Т3 = $1.02
Т4 = $1.19
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = $0.60
SL2 = $0.49
SL3 = $0.42
SL4 = $0.32
It is worth looking at the RSI indicator, which shows how strongly we have broken out of the upper limit of the range, moreover, here we can see how we have touched the level of 81, at which price rebounds were previously visible.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.