The chart looks good and ready to make a huge move. We have seen massive volume in the recent red days. However, that wasn't folled by big dumps and FTT managed to hold nicely. If BTC doesn't dump sharply, I think FTT could see a good upward movement towards the indicated targets in the upcoming days.
It has successfully broken the descending trendline with a pullback to it. I would personally wait for a flip of the next horizontal resistance before jumping into LONG position but if it successfully flips that S/R, it has great upside potential with excellent R:R.
Falling wedge is shaping up pretty nicely. Moreover, there is a pretty good daily support around 0.1298
As long as we are above the support we can look to get into LONG positions.
For higher probability setups, wait for a break of the wedge to the upside, before getting into the positions.
Price is currently in a downward channel. The weekly support turned into resistance.
Currently approaching the monthly support. If it holds, price could bounce from there, otherwise it's going further down.
Should wait for an upward break of the channel before entering into any LONG position.
