FTMUSDT wants the breakout?
FTMUSDT is currently testing the 4-hour resistance level after a clear breakout from the daily dynamic resistance. This breakout is a positive signal for the cryptocurrency, indicating that it may be heading towards higher prices.
In addition, the price has formed a double bottom pattern at the 0.618 Fibonacci level. This is a bullish signal indicating that the cryptocurrency may be preparing for an upward move. If the price manages to break out of the current resistance level and confirm the breakout, it may signal a new long opportunity, according to Plancton's rules.
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Follow the Shrimp 🦐
Keep in mind.
In addition, the price has formed a double bottom pattern at the 0.618 Fibonacci level. This is a bullish signal indicating that the cryptocurrency may be preparing for an upward move. If the price manages to break out of the current resistance level and confirm the breakout, it may signal a new long opportunity, according to Plancton's rules.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
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