FTM HACK NEWS: NEAR TWO YEAR SUPPORT Recently, the company of the coin, Fantom Foundation were the latest victims of coin hacking. From a price perspective, this can be a bearish sentiment for traders as it questions its overall security and integrity of the blockchain. For more detailed information regarding this news, check out the links listed below (all on TradingView):
www.tradingview.com
www.tradingview.com
In this weekly chart of BINANCE:FTMUSDT above, the price is on pace of touching the support line for the third instance from July 2021. The coin is still on a downtrend and a breakdown could be possible if we will have another hacking cryptocurrency, hopefully not.
On an indicator perspective, our RSCD (RSI and MACD) is still bearish from a daily perspective.
Thus, I still have bear bias for the coin unless we see a bullish reversal by looking at the chart below. I plotted a months-long resistance line for a potential breakout scenario. This could happen before the month ends.
Always plan your trades.
Happy trading :)
Hacking
Apple client loses £670,000 in seconds as iCloud hack uncovered
As the market for cryptographic forms of money and non-fungible tokens (NFTs) develops bigger, it turns into an undeniably alluring objective for programmers who devise new and more productive ways of getting their hands on others' resources, taking advantage of significant weaknesses in stages.
In one of the latest hacking occurrences, an assailant figured out how to take an individual's whole assortment of digital forms of money and NFTs worth more than £670,000, from their MetaMask crypto wallet, as revealed by CNET on April 18.
GBPUSD : Still Bullish in W1.GBPUSD : Still Bullish in W1.
Bullish Candlesticks Pattern in MN1.
Indicators show us that the "Cable" is still bullish in W1.
More over, there is a compression on W1.
Subscribe and stay tuned.
AUD USD : Heavy Consolidation under Heavy Bearish Pressure.
MN3 ORANGE Anchor Candle for compression since 2015.
False break out and reintegration.
MN1 BLUE Anchor Candle With deep Break Down ready for collapse.
W1 WHITE Anchor Candle already Down-broken.
Targets in RED LINES.
(Follow Me)
NZDUSD : MN1 Consolidation in Heavy MN3 bearish pressure.Hello,
Here is the situation of the NZDUSD.
Very interesting configuration when the market will break down.
Violent MN3 Down Move followed by consolidation.
MN3 Orange Consolidation Down-broken by engulfing candle.
Now market is consolidating on MN1 timeframe.
We wait for the MN1 Blue consolidation Down-broken.
Target are in RED.
Regards.
'W1' Double High/Low Break Out.GER30 (DAX) Double 'W1" High candles broken for bullish move in the next weeks and maybe months.
First target : 11'945
Ultimate target : 12'455
Only buy in daily basis for "day trading" above 11'690.
And if we finally break down under 11'390, then sell.
