FTM/USDC - (Buy) FTM reached 1,20 target and keeps upside potential
Market & Ticker: Bitcoin– FTM/USDC
Date: 03/12/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
FTM reached our target from the previous analysis in July 2023 – Target 0,50 and 1.20
At the current level, the 0,8370 key support area remains strong on a mid-term perspective towards 1,58 intermediate target before 1.90. The long term perspective shows upside potential towards 3.48
Technical Key Elements:
- RSI indicator is positive > 50% - No divergence
- The Moving average are support
- Fibonacci key support is adjusted at 0,8370 while the key resistance is adjusted at 1.90 and 3.48
Trade Idea conclusion: Neutral - Range
- Target 2: 1.90
- Target 1: 1.58
- Stop: 0,8370
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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