FTM/USDT 4H Review

Hello everyone, let's look at the FTM to USDT chart on a 4-hour timeframe. As you can see, the price has broken out of the local downtrend line.

Let's start with the support line and as you can see the first significant support is at $0.25, then we have the second support at $0.20 and then the third support at $0.16.

Looking the other way, we can determine a significant resistance zone that the price has to face from $0.35 to $0.39, only when we move up from this zone, the price can move towards resistance at $0.46.

The CHOP indicator indicates the ending energy, which gives small price movements, the MACD tries to return to the local uptrend, while the RSI after a visible rebound, we have an attempt to return to the uptrend.