Short
FTMUSDT
Hello dear friends
In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic.
If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered.
Until the $0.5312 range is fully consumed, we have no intention of forming an uptrend in the medium term.
In the four-hour time frame, the RSI indicator has issued a negative divergence compared to the previous price ceiling.
We would be happy to hear your comments
In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic.
If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered.
Until the $0.5312 range is fully consumed, we have no intention of forming an uptrend in the medium term.
In the four-hour time frame, the RSI indicator has issued a negative divergence compared to the previous price ceiling.
We would be happy to hear your comments
Note
In the lower time frames, the HH has not formed and the $0.4452 support area has been completely consumed in the downtrend we had.
If the current trend falls below the price range of $0.4432, the possibility of continuing the downward trend to the range of $0.35 will be strengthened.
Order cancelled
The $0.4432 range was retained and the $0.5312 resistance range was consumed, resulting in our view being expired.
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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.