IMAGE IS 4 HOUR CHART TIME FRAME :
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.
DAILY CHART TIMERAME Hesitancy is due to strong bullish indicators : RSI STOCH, KDJ, MACD, AWESOM OSCILLATOR ALIGNMENTS .
4 HOUR TIMEFRAME CHART INDICATES BEARISH OPPORTUNITY TO SHORT.
Pending observing for confirmed breakdown below support with indicator confirmations prior to taking any further positions
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.
DAILY CHART TIMERAME Hesitancy is due to strong bullish indicators : RSI STOCH, KDJ, MACD, AWESOM OSCILLATOR ALIGNMENTS .
4 HOUR TIMEFRAME CHART INDICATES BEARISH OPPORTUNITY TO SHORT.
Pending observing for confirmed breakdown below support with indicator confirmations prior to taking any further positions