Hi dear friends, hope you are well and welcome to the new update on Fantom ( FTM ) coin.
On the 2-hr time frame chart, the price action is forming the final leg of the bullish Cypher pattern.
https://www.tradingview.com/chart/FTMUSDT/Scah7HxS-Fantom-FTM-forming-Cypher-pattern-for-upto-29-5-profit-rally/
Buy and Sell targets:
Buy between: $0.5325 to $0.4925
Sell between: $0.5640 to $0.6396
Stop loss:
The maximum extent of potential reversal zone $0.4925 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 29.5%, and the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For more harmonic trading ideas you can join:
https://www.patreon.com/moon333
Link for BINANCE exchange, the best place to buy or sell Crypto:
https://www.binance.com/?ref=11256882
