COIN - $FTM
SIGNAL - LONG
This FTM chart displays a consolidating symmetrical triangle pattern, indicating indecision in the short term. RSI is neutral near 50, while stochastic oscillators hint at potential bullish momentum. EMA ribbons show support building, suggesting short-term bearishness but longer-term bullish potential. FTM is likely gearing up for an upward breakout in the longer timeframe. So I'm sure ftm coin is bearish for shorter time frame and bullish for longer time frame.
The TOTAL3 chart displays a clear bullish outlook with a well-defined bull flag, signaling a continuation of the upward trend. RSI is recovering and moving upwards, while the stochastic oscillator shows bullish momentum building up. EMA ribbons indicate strong support levels, supporting the possibility of a breakout. This aligns with the long-term bullish potential for FTM, although short-term consolidation might still occur. The market structure suggests confidence in altcoin growth for the longer timeframe.
The BTC dominance (BTC.D) chart shows a bearish setup with a well-defined bear flag pattern, indicating potential downward movement. RSI trends downward, confirming weakened momentum, while stochastic oscillators reflect declining strength. This scenario aligns with the idea of funds rotating into altcoins, supporting the potential bullish breakout for FTM in the longer timeframe, despite short-term consolidation.
Entry: 0.95711 or Market Price
Take Profit Around : 1.32576
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