FTM Support Touchdown: bounceup or breakdown?
FTM at critical level: Resistance level converted to support level on January 15th 2022 when daily chart price sliced and closed above resisitance and reopened above that level which in turn acted as confirmation of resistance white line to support white line.
As of 16th January howver it appears that the price exhausted itself and ran a touchdown on support line (approximately $3.144)
Awaiting confirmation if price breaks through support below and heads downwards or not .
If it Breakthrough below support and closes below and opens below , possible short position to be taken.
Hesitancy is due to strong bullish indicators : RSI STOCH, KDJ, MACD, AWESOM OSCILLATOR ALIGNMENTS .
Pending observing for now prior to taking any positions.
As of 16th January howver it appears that the price exhausted itself and ran a touchdown on support line (approximately $3.144)
Awaiting confirmation if price breaks through support below and heads downwards or not .
If it Breakthrough below support and closes below and opens below , possible short position to be taken.
Hesitancy is due to strong bullish indicators : RSI STOCH, KDJ, MACD, AWESOM OSCILLATOR ALIGNMENTS .
Pending observing for now prior to taking any positions.
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