Long
Will You Fade the Falling Wedge $FTM
We’re getting close to the 30 mark on the RSI as well as coming to the bottom of a falling wedge. Sentiment reset and liquidity is flushed. Will we break out to the upside?
Note
Breakout on the descending wedge failed. You can use Fib retracement to find points of liquidity in the chart for buy opportunities. When the sentiment turns extremely bearish, in a bull market, it often marks the bottom of a correction. If you look at historical Fantom price action, it's defined by massive swings and extended moves.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.