FTMUSD in 12H time frames
I would love for FTM to have a green weekend, but I'm not certain. At this and lower time frames, there's plenty of room for movement to $2.10, just based on mean regression. While this time frame pattern is encouraging, the current candle is less so. There is support at $2.16, so there's still a chance for a strong bounce out of this pattern but I suspect we will need a few more candles. RSI also shows a little room, and I'd like to see a nice low value before we try to move on.
Related publications
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.