Singkat
Fantom (FTM) - macro bearish divergence
On the above 1-day chart price action has appreciated by 2000% in less than 6 months! Astonishing. A number of reasons now exist to be bearish, including:
1) The confirmed bearish head and shoulders pattern with neckline break. Expect a back test.
2) The ‘pi cycle top’ alert.
3) Numerous oscillators are printing bearish divergence with price action.
4) Lastly on the weekly chart (below) price action prints a significant bearish divergence between price action and the RSI.
Is it possible price action prints a new all time high? Sure.
Is it probable? No.
Trade is void with a break of $3.20.
Good luck!
WW
weekly bearish divergence
1) The confirmed bearish head and shoulders pattern with neckline break. Expect a back test.
2) The ‘pi cycle top’ alert.
3) Numerous oscillators are printing bearish divergence with price action.
4) Lastly on the weekly chart (below) price action prints a significant bearish divergence between price action and the RSI.
Is it possible price action prints a new all time high? Sure.
Is it probable? No.
Trade is void with a break of $3.20.
Good luck!
WW
weekly bearish divergence
Dagangan ditutup: sasaran tercapai
85% correction. Price actin actually dropped past target.Strong buy signal is now printing with price action on the golden ratio.
Nota
March 2023 might offer a good long opportunity 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.