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đŸ”„ FTT Huge Bearish 1-Year Wedge: Break Out

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FTX Token / TetherUS (BINANCE:FTTUSDT)  
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BINANCE:FTTUSDT   FTX Token / TetherUS
Trend Analysis Technical Indicators Chart Patterns FTT usdt FTX BTC Bitcoin (Cryptocurrency)
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trendanalysis indicator chartpattern ftt usdt ftx btc bitcoin
Over the past year, FTT has formed a huge bearish wedge pattern. Classically, these are reversal patterns, so a strong bearish move would be expected.

However, I'm still fairly bullish on the crypto market as a whole. My expectation is that FTT will see some bearish moves in the near future. I'll be watching for the support area for a potential reversal.

A break below the support area might indicate a longer-term weakness.

Happy trading!
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