Hodl, dear members of LeoFinance!
Today, I would like to share my analysis of the price chart of FTX Token.
In the daily chart (1D), FTT/USD has hit the trend line (uptrend line) because of the ongoing correction in the crypto market:
As can be seen from the chart, right now, the price is testing the trend line. So, this is a critical moment for the price of FTX Token.
If we have a look at the daily chart (1D) from another perspective we can see that the price has dropped below the 30-day Moving Average (MA 30) and the 90-day Moving Average (MA 90):
As can be seen from the chart, right now, the price is at the 360-day Moving Average. So, this is a critical moment for the price of FTX Token. I am really curious about if the price will receive enough support here and if the decline will stop.
For this to happen, first, in the 1-hour chart (1H), FTT/USD has to exit the Descending channel (downtrend) in the upward direction:
However, for now, the price continues to decline in the channel. That's why I think that at the moment there is no bullish signal hinting at a potential trend reversal.
To be continued ...
As of the time of writing, one FTT costs $37,94 on the FTX crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 and a half years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
Check 
Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531
Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW