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FieryTrading
Sep 17, 2022 1:32 PM

🔥 FTT Bearish Triangle: Break Out Soon Short

FTX Token / TetherUSBinance

Description

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FTT is one of the few tokens which has been holding up quite well. From top to low it only lost around 75% of its value, where most tokens looked at a 90% loss.

However, the near term does not look great for FTT. The bearish triangle on the chart is on the verge of breaking downward. With the FED announcing their interest decision coming Wednesday, it could very well be the catalyst for the price to fall through the support.

Near term target placed at the capitulation low at $21. Longer term (and riskier) bear target at $15.
Comments
JoeChampion
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Great thinking my friend!
SwallowPremium
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Great content! Thank you so much!
InkyGrip
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More down for FTTUSDT
AtlasTrades
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thank you so much for hard work, I think you are right for FTT/USDT
Tolberti
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Definitely a great triangle. I like your work!
P_S_trade
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Thanks for sharing your opinion
RLinda
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thanks for sharing)
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