parissap

FTM reverse head and shoulders

Long
BINANCE:FTMUSDT   Fantom / TetherUS
#FTM/USDT
$FTM shaped an inverse head and shoulders pattern in daily time frame and we can see its fractal in right shoulder is another inverted head and shoulders in 4h time frame.

🐮 holding the support zone will increase price to neck line and then resistance zone around $1.4 to complete the 4h H&S.

🐮🐮 neck line of daily H&S is at target of 4h one so break out from this resistance will head up price to resistance zone between $2 and $2.3 to complete daily H&S.

🐻 break down from support zone will invalid this scenario.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.