Bullish Trend Continuation: FTT forms a bullish triangle pattern in the 4H chart, signaling a potential uptrend continuation.
Breakout Potential: Amidst a positive cycle, FTT prepares for a bullish breakout, eyeing $6.30 if it surpasses $4.5.
Recovery Rally: FTT shows a notable recovery, surging 283% between November 8th to 11th, reclaiming the $4.5 mark.
Triangle Formation: The lateral movement forms a triangle pattern, hinting at a breakout possibility, mainly around the overhead resistance at $4.70.
Current Price & Movement: FTT trades at $4.07 after a 12.94% jump, showcasing potential for buyers to regain control and increase breakout chances.
RSI & EMA Indicators: RSI shows a rebound, crossing the 14-day SMA, while the golden crossover of 50D and 200D EMA indicates positive alignment and potential support during corrections.
Bullish Breakout Potential: FTT's price action suggests a probable breakout rally beyond $6 if the uptrend momentum persists.
Potential Reversal Point: A downturn below $3.59 might trigger a downtrend to $2.76.
Breakout Potential: Amidst a positive cycle, FTT prepares for a bullish breakout, eyeing $6.30 if it surpasses $4.5.
Recovery Rally: FTT shows a notable recovery, surging 283% between November 8th to 11th, reclaiming the $4.5 mark.
Triangle Formation: The lateral movement forms a triangle pattern, hinting at a breakout possibility, mainly around the overhead resistance at $4.70.
Current Price & Movement: FTT trades at $4.07 after a 12.94% jump, showcasing potential for buyers to regain control and increase breakout chances.
RSI & EMA Indicators: RSI shows a rebound, crossing the 14-day SMA, while the golden crossover of 50D and 200D EMA indicates positive alignment and potential support during corrections.
Bullish Breakout Potential: FTT's price action suggests a probable breakout rally beyond $6 if the uptrend momentum persists.
Potential Reversal Point: A downturn below $3.59 might trigger a downtrend to $2.76.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.