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PhilosophersStone

FTM descending triangle

Fantom / TetherUS (BINANCE:FTMUSDT)  
PhilosophersStone Uppdaterad   
BINANCE:FTMUSDT   Fantom / TetherUS
Support and Resistance Triangle Descending Triangle FTM trade short LONG breakout breakouttrading
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supportandresistance triangle descendingtriangle ftm trade short long breakout breakouttrading
FTM in descending triangle looks like found local bottom at 1.1511 that still holds price from more downside. It's obvious that BTC drop pulled FTM down, but will this hold if BTC decides to dive more? BTC D rising isn't a good side for alts also. If FTM loses this level more downside is inevitable. This kind of triangle is more on the bearish side, but its not too unusual to break up. Set alarms and wait for the next move...
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