Long
descending channel , possible uptrend reversal
Hello Traders,
-Before starting please take into consideration our market sentiment we have fear about 20 and buyers usually wait till its below then activate buying mode
yet we can see that on FTM the buyers looking strong and we might have potential uptrend once breaking the grey zone( confirmation )
-On 4H we have descending channel once its broken after confirmation we set our entries on 1.2$ -1,28$, we should see a rally until 2$ soon.
-At the moment we have indicators such EMA & MACD who show positive signs for a bullish uptrend also good buying volume.
-Please watch your stop loss by using your risk management and % of your capital.
Good luck Traders!
-Before starting please take into consideration our market sentiment we have fear about 20 and buyers usually wait till its below then activate buying mode
yet we can see that on FTM the buyers looking strong and we might have potential uptrend once breaking the grey zone( confirmation )
-On 4H we have descending channel once its broken after confirmation we set our entries on 1.2$ -1,28$, we should see a rally until 2$ soon.
-At the moment we have indicators such EMA & MACD who show positive signs for a bullish uptrend also good buying volume.
-Please watch your stop loss by using your risk management and % of your capital.
Good luck Traders!
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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.