Looks like FTT against USDT broke out of an ascending triangle. Target out of the triangle is $68. Let's go🚀!
This is my publication #21. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
What is an Ascending Triangle Pattern?
Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...
risk: Reward ratio is 1: 2
Rest as per Charts
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
". There is a possibility of temporary retracement to suggested support line (59.116).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. FTTUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...