FTM/USDT TA AUGUST 21, 2022

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After a bearish weekend alongside btc, ftm made a double bottom as you can see from a chart. Slowly building momentum and potential harmonic patterns. 1st pattern (big) is a potential cypher pattern. If you try to study the chart, it can also be seen that it's potentially forming an inverted head and shoulder (no right shoulder yet.) A small potential cypher pattern as well can be formed which can be the right shoulder for our TA.

p:s this is my own technical analysis. Trade at your own risk.
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the potential target is the completion of the pattern at 0.3255
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FTM IS STARTING TO MOVE TO THE UPSIDE AFTER RETRACING LIKE WHAT WE SAID IN THE ANALYSIS.
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im closing my position with a positive pnl. The reason why i wont wait for the price to reach 0.3255 is i saw a symmetrical triangle and a momentum going to the down. This is how fast the crypto market change it bias that's why trade wisely.
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