FTM breakout imminent
FTM has been in limbo today, and it seems that it wants to pick up where it ended yesterday. we are currently at a breakout level.
1H
Ichimoku cloud:
The Kijun and Tenkan lines are above the (green) cloud, and very close to each other. i'm expecting a cross within the next few hours. The cross above the cloud is a strong bullish signal.
Bollinger bands:
The price touched the upper band, but did not close there. this indicates that the upward movement will probably see continuation.
RSI:
RSI is 51 now, so there is plenty of room to push the price up. Because the market is pretty bullish, i'd say RSI is acceptable up to 70.
Volume:
The Volume is slowly getting less and less, indicating that there will be a move. daily close in 30 minutes. let's see what happens.
I hope you enjoyed my analysis and i would love to get you feedback and discuss.
Cheers,
Mike
1H
Ichimoku cloud:
The Kijun and Tenkan lines are above the (green) cloud, and very close to each other. i'm expecting a cross within the next few hours. The cross above the cloud is a strong bullish signal.
Bollinger bands:
The price touched the upper band, but did not close there. this indicates that the upward movement will probably see continuation.
RSI:
RSI is 51 now, so there is plenty of room to push the price up. Because the market is pretty bullish, i'd say RSI is acceptable up to 70.
Volume:
The Volume is slowly getting less and less, indicating that there will be a move. daily close in 30 minutes. let's see what happens.
I hope you enjoyed my analysis and i would love to get you feedback and discuss.
Cheers,
Mike
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