EMAs crossing down, price resting on Ichimoku cloud support after being rejected by channel resistance. RSI in a downtrend. OBV dropped below horizontal support and in a downtrend.
Break below $40.5 and hold and bottom of the range is clear to tap at $21.9.
Flip bullish only if market flip bullish and FTT breaks out of the descending channel.
Break below $40.5 and hold and bottom of the range is clear to tap at $21.9.
Flip bullish only if market flip bullish and FTT breaks out of the descending channel.
Comment:
FTT pushing back into the cloud. Maybe we will see a test of the descending channel resistance. Market has more strength today.
