Fantom (FTM) - August 25

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(FTMUSDT 1W chart)
The interval 0.3661-0.4874 is the interval that determines the trend.

So, the key is whether it can move higher than 0.3661.


- As the Stoch RSI indicator is falling, it is necessary to check if it is supported above 0.2665 when it turns upward.

If it doesn't, it's expected to drop to around 0.1280.



(1D chart)
The HA-Low indicator is showing signs of going up.

Therefore, it is important to be able to rise above the HA-Low indicator point and above the 60 SMA line.


If the climb fails, you should check to see if there is support around 0.2665.

If not, it should be supported in the 0.1892-0.2372 interval.


- Since the RSI indicator has not yet moved out of the oversold zone, it is natural for further declines to occur.

However, as the Stoch RSI and CCI(9) indicators are out of the oversold zone, and the Stoch RSI indicator is showing an upward trend, it can be said that there is a possibility that it will rise further.

At this time, what is important is whether it is supported or resisted at the HA-Low indicator point, the 60SMA line.


When using most indicators, what matters is how they perform at support and resistance points.

Therefore, the ability to establish support and resistance points should be a priority when studying charts.


Prices can always go up or down.

Occasionally, there are people who comment on such things.

That's natural, but if you don't know the settings for support and resistance points and the movements at those points when you look at the chart, it's just a comment accusing you of being a worthless analysis.

At the heart of chart analysis is neither Elliott wave nor trend.

The most important key is support and resistance.

This is because the win or loss of a trade is determined by what kind of trading strategy you make at the support and resistance points.

You might ask yourself whether you need to know how far to rise or how far to fall before you can create a trading strategy, but it is not.

At the heart of your trading strategy is whether you can create a way to reduce your losses.

If you can't come up with a way to reduce your losses, you shouldn't even start the trade at all.


The MRHAB-T indicator used in this chart is a private indicator, but if the chart is shared, the indicator can be used normally.

Among the indicators included in the MRHAB-T indicator, indicators are included to indicate support and resistance points.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)

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