Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for FTMUSDT
According to our last analysis on May 22, the rising trend of the price happened and now we observe that it formed the head of our head and shoulders pattern and obviously the price is moving down to form the right shoulder, as well. At the present, the price has broken the S1 line (which used to be a resistance line) and it is fluctuating over the S1 and moving in R1 area now. We expect the price to move to the top of R1 and then start its falling trend down o S1 to form the right shoulder of our pattern. Even it is possible for the price to move over R1 and then continue higher to R2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for FTMUSDT
According to our last analysis on May 22, the rising trend of the price happened and now we observe that it formed the head of our head and shoulders pattern and obviously the price is moving down to form the right shoulder, as well. At the present, the price has broken the S1 line (which used to be a resistance line) and it is fluctuating over the S1 and moving in R1 area now. We expect the price to move to the top of R1 and then start its falling trend down o S1 to form the right shoulder of our pattern. Even it is possible for the price to move over R1 and then continue higher to R2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
