Get ready for potential action with FTMUSDT💎 Paradisers, #FTM is currently exhibiting a bullish market structure, with the price approaching the Bullish Order Block (OB).
💎If #FTMUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) within this zone, we can anticipate a rise up to the next swing resistance.
💎Should the bullish OB breakdown occur without any CHoCH and BOS on the bullish side, a bounce from the demand area might be expected; however, confirmation is necessary before making any entries.
💎If both the bullish OB and demand area break down, it would be prudent to wait for more favorable price action to develop.
Ftmanalysis
FTM: Bullish Breakout Imminent! Watch for Confirmation💎 FTM has recently broken out of a descending channel by forming a W pattern on the 200 EMA. Additionally, the price has exhibited Change of Character (CHoCH) and Break of Structure (BOS), indicating a shift towards a bullish market structure.
💎Currently, I anticipate a retracement on FTMUSDT towards the Bullish Order Block (OB), which is also supported by the Fibonacci 0.618 level and the 200 EMA. Prices near this level may show a bounce, but it's advisable to wait for confirmation through bullish candlestick formations.
💎If the price directly breaks the first resistance level, it can be considered a bullish structure, further increasing the probability of a bullish trend continuation.
💎However, if FTMUSDT breaks down directly below the bullish OB, it would be prudent to exercise caution and potentially avoid trading FTM until clearer market signals emerge.
FTM - XABCD Bullish Butterfly PatternFTM/BUSD 4hr. Chart Analysis
FTM running under Bullish Harmonic Wave as in XABCD Butterfly Pattern, It is almost on finishing point into last cycle of Downtrend after cut-off point as in Bearish Penant Pattern into 1-hr. candles chart.
UPCOM:FTM last Lower-Low bearish cut-off point will be 22-20 cents, while initial reversal point is around 23-24 cents soon within 2-3 days maximum.
Always #DYOR and Trade wisely by using #StopLoss, It's #NFA
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