FTM CORRECTION INCOMING

FTM has seen a lot of growth the past few months, however it is due for a correction.

Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave,
should we get that same retracement, FTM will be on a discount price at just below $1

Coupled with the bearish Divergence it seems just about right to me.
Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility.
Hope this helps.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Well hopefully We all considered the possibility that this would happen and now it has.
If you waited for the dip, you have yourself a steal of a bag at the moment.
If you shorted, well then congratulations. Should have nice profits by now.
PS: Target met on KUCOIN Exchange to perfection.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

If you want to try your luck on price making a retest of the support area, you can watch for this axcending trendline as well for a wick.