LIVETimeframe: Daily chart
Current Price: $2.53
Resistance Level: Located around $2.75
Scenario 1 (Bullish Breakout):
If FTT manages to break above the resistance level at $2.75, a positive pattern will be activated.
The potential price targets are as follows:
$3.39
$3.79
$5.57
Scenario 2 (Bearish Rejection):
Should the breakout fail, I anticipate that the price might decline to:
$2.3
$1.5
Chart Positives:
The proximity of the exponential moving averages (EMAs): The bullish crossover between the 10-day EMA and the 50-day EMA suggests momentum for further price appreciation.
Chart Negatives:
Hidden Bearish Divergence: Be cautious of this negative signal.Today’s candlestick closure: Pay attention to the candlestick pattern formed today.
Overall, the positive aspects of the chart outweigh the negatives. Keep a close eye on price movements and key levels!
Profitable Trading.
