Long
FTM 1st wave breakout - longterm
TLDR - Longterm targets: 5$ and 9$
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As I mentioned in a previous idea, I believe FTM broke the zigzag correction in october of 22. Historically speaking, the Elliott Wave Theory fits like glove on this token, so my selling strategy will be according to that same theory as well, besides the usual indicators.
FTM is a low profile token that actually solves problems and the FTX shambles was what prevented the first impulse to carry the price action. It was hinted then and it's obvious now that the exchange's debacle and its native token was a "small" stone on what already seemed back then a clear path to my long term targets of 5$ and $9.
They still stand. I don't know how long it will take, but it's now confirmed that the journey already began.
¡See you there!
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DYOR
-------------
As I mentioned in a previous idea, I believe FTM broke the zigzag correction in october of 22. Historically speaking, the Elliott Wave Theory fits like glove on this token, so my selling strategy will be according to that same theory as well, besides the usual indicators.
FTM is a low profile token that actually solves problems and the FTX shambles was what prevented the first impulse to carry the price action. It was hinted then and it's obvious now that the exchange's debacle and its native token was a "small" stone on what already seemed back then a clear path to my long term targets of 5$ and $9.
They still stand. I don't know how long it will take, but it's now confirmed that the journey already began.
¡See you there!
----------
DYOR
Note
There's a mistake counting waves from August 22. Wave 3 cannot be the smallest wave, obviously, don't know how I missed that. Even though I was trying to avoid it, the wave counting must include the FTX bankrupcy. Sorry about that.Note
Rising wedge on the BTC dominance chart.
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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.
Publications connexes
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.