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FFT and Bitcoin reverse back to the downside. New lows for the day.

FFT  and Bitcoin reverse back to the downside. New lows for the day.

The price of FTT reached a corrective high of $19.75 off the news that they were looking to sell to Binance. Then the market got wind that....well, there was more to go. Buyers turned to sellers and the price has now moved to a new low of $8.56. Looking at the daily chart, that took the price below a lower trend line and into a swing area between $7.05 and $11.30. The current price trades at $9.50 as I type.

Meanwhile, Bitcoin stalled at the 200 hour MA on the snap back rebound and has... Read More

Posted: Nov 8 2022, 18:21
Author Name: forexlive
Views: 110899

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