Rawkz

Rawkz Updated 

Bullish reversal formation enticing longs for final stage of distribution. Should break up out of the wedge, trapping longs, liquidating shorts. Can go a bit higher on the fake breakout but we should seen strong rejection at a critical point in the chart. The strong rejection should lead to markdown into the SOW (sign of weakness). Buckle up, we're going for a ride.

Rawkz Updated 

Appears to be a textbook wyckoff distribution, wait for confirmation. Confluence: bearish divergence, volume decreasing on up moves, lower highs forming (key for confirmation). I'd tread lightly unless the Wyckoff distribution is invalidated.

Rawkz

We can see an ascending wedge which is a bearish formation, price broke through the bottom of the wedge, significant breakout to the downside is likely. Next level of support around $72k. bearish reversal Invalidated if price can break above the wedge.

Rawkz

This chart is looking pretty good in terms of potential upside. We would expect a retracement at the previous local high as that would be a point of significant liquidity. Then we can expect a bounce at a previous point of resistance before making the move up into the Golden pocket. Good narrative to move this coin to the upside given the upcoming hard fork into...

Rawkz

FTM came down and tested the bull market support band 3X. Appears to have moved out of the accumulation zone and into the sign of strength, so my expectation is that we're going to be seeing some green candles.

Rawkz

The Wyckoff Distribution Schematic seems to line up pretty nicely for another short term drop as we enter phase e of the cycle. My expectation of the drop will bring us down to test the bull market support band, which is where I'd expect to see a bounce and a of consolidation before a continuation to the longer term trend to the upside.

Rawkz

FTM came down into the Fibonacci golden pocket as well as into the bull band supports. These are both important points in the chart where a strong possibility of reversal is indicated.

Rawkz Updated 

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?

Rawkz Updated 

Fantom hasn't really followed the rules on it's move up, with regards to resistance levels. That being said, it wouldn't surprise me at all, if FTM came down and backtested the previous supports. If this happens, good layer 2 tokens are going to go absolutely nuts on the continuation up.

Rawkz

Expertly a sharp fake reversals off trendline only to forge a geeen engulf

Rawkz

FTM is preparing to penetrate the local high. This is a point of profit taking for bottom fishers. But, they’re going to cry they sold low and buy back higher.

Rawkz

It’s actually a pretty nice looking double bottom formation, the neckline functioned interestingly on the backtest, but overall, looks legit.

Rawkz

As of a comment from Taurusbilly who appears to be correct

Rawkz

Broke through descending wedge, back tested it, formed an inverted head and shoulders. Looks bullish.

Rawkz

UPCOM:FTM has been a bit of a laggard in the accumulation zone. Recently with a breakout, SOS, and continuation to the upside. One could expect based off this methodology, a very nice breakout to the upside.

Rawkz

Noticed an ascending wedge formation, suggests a retracement, aligns with price action of btc when breaking ath in previous cycles.

Rawkz

This is just for fun price prediction. I put the chart on a logarithmic scale, made a rough fit of the fractal, and put high to low Fibonacci lines on it for take profit points.

Rawkz Updated 

3 X Pattern for upward wedge with noticeable H&S, could've used Elliot's theory but believe this is more accurate. angle on last upper wedge not yet confirmed so there may be a minor adjustment in the last wedge.