Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for FTMUSDT
According to our last analysis on May 31, in which we had a head and shoulders pattern, we predicted a falling trend in order to form the right shoulder of our pattern. Our expectation came true and even we had all targets hit. At the current chart, we have R2 as our long-term resistance line which shows the unsuccessful attempts of the price to move up. And S1 line expresses the well support of the price at some points and R1 area used to be a support area and now it plays the role of a resistance one. Now the price is fluctuating below R1 and we expect it to have a rising trend toward R1 and then fall to S1. Also it is possible that the price starts falling at this point. In case the price moves above R1, then our stop loss is activated and we predict more rise for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for FTMUSDT
According to our last analysis on May 31, in which we had a head and shoulders pattern, we predicted a falling trend in order to form the right shoulder of our pattern. Our expectation came true and even we had all targets hit. At the current chart, we have R2 as our long-term resistance line which shows the unsuccessful attempts of the price to move up. And S1 line expresses the well support of the price at some points and R1 area used to be a support area and now it plays the role of a resistance one. Now the price is fluctuating below R1 and we expect it to have a rising trend toward R1 and then fall to S1. Also it is possible that the price starts falling at this point. In case the price moves above R1, then our stop loss is activated and we predict more rise for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
