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branmuf

FTC nearing end of symmetrical triangle -- could go either way

Feathercoin / Bitcoin (BITTREX:FTCBTC)  
branmuf Updated   
BITTREX:FTCBTC   Feathercoin / Bitcoin
Chart Patterns Technical Indicators Symmetrical Triangle
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chartpattern indicator symmetricaltriangle
It's been consolidating for some time now. It's been very bearish on the 4h ichimoku cloud, and is slightly bearish on the 1h cloud. However, it's just beneath the edge of a very thin cloud, and movement upward wouldn't face much resistance. Neither would movement downward. RSI and MACD are no help here. Be ready for movement in either direction.
Comment:
It decided to drop below the blue support to the higher order purple channel support
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