Fantom / TetherUSCorto
Fantom: its only a drawing not a invesment advice.
In my opinion, Fantom has formed a double top, which can be considered a sign of the failure of the upward trend and the return of the price to lower levels.
How to Take Profit On The Double Top Chart Pattern: Use the previous low (support levels) to set take-profit targets. Or another option would be to measure the distance between the neckline and the highest peak (the range) and use that difference in pips as take profit target if you are trading the breakout from the neckline (The Ultimate Price Action Trading Guide, 2014).
How to Take Profit On The Double Top Chart Pattern: Use the previous low (support levels) to set take-profit targets. Or another option would be to measure the distance between the neckline and the highest peak (the range) and use that difference in pips as take profit target if you are trading the breakout from the neckline (The Ultimate Price Action Trading Guide, 2014).
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