nagihatoum

FTT about to breakdown

Short
FTX:FTTUSD   FTT / USD
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 .
Comment: FTT pushing back into the cloud. Maybe we will see a test of the descending channel resistance. Market has more strength today.

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