$FTM

Bearish breakout from Rising Wedge pattern could see the price pull back to $0.60 support and 200-day moving average. That could then serve as a swing trade entry in Uptrend.

Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout. 

Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.

Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $0.62, then $0.50. Nearest Resistance Zone is $0.75, then $0.85.