So, we're about to hit a decision point on FCT
. I would say we're more likely to break down than break up - two things going on. There's a larger H&S
pattern that's playing out so far very well for FCT
, which is visible on the 4 hour. Now we've got declining volume
and a symmetrical triangle playing out. Also, we are in a larger bear market for cryptos (still) and FCT
has already had a huge runup.
On the other hand, FCT
itself has been in a serious bull trend for the last few weeks now, and symmetrical triangles tend to break upwards 70% of the time. However, this is crypto.
Don't trade until you see the breakout. Targets for shorting in red, targets for longing in green.