marshyyy

FTT Bull flag breakout

Long
FTX:FTTUSD   FTT / USD
FTT has broken out of a downward channel bull flag to the upside having retested the outer channel. MACD on weekly looks great having just created a bullish crossover and bullish divergences occurring on RSI and MACD as the histogram starts to print its first green bar since November.

Weekly market structure is still bullish having put in a new HH and now formed a HL where it has started to reverse here after correcting into a supply to demand flip zone on the weekly. Id expect the trend to continue to the upside from here based on HTF market structure.