Is FTT Preparing a New Breakout Rally?

Bullish Trend Continuation: FTT forms a bullish triangle pattern in the 4H chart, signaling a potential uptrend continuation.
Breakout Potential: Amidst a positive cycle, FTT prepares for a bullish breakout, eyeing $6.30 if it surpasses $4.5.
Recovery Rally: FTT shows a notable recovery, surging 283% between November 8th to 11th, reclaiming the $4.5 mark.
Triangle Formation: The lateral movement forms a triangle pattern, hinting at a breakout possibility, mainly around the overhead resistance at $4.70.
Current Price & Movement: FTT trades at $4.07 after a 12.94% jump, showcasing potential for buyers to regain control and increase breakout chances.
RSI & EMA Indicators: RSI shows a rebound, crossing the 14-day SMA, while the golden crossover of 50D and 200D EMA indicates positive alignment and potential support during corrections.
Bullish Breakout Potential: FTT's price action suggests a probable breakout rally beyond $6 if the uptrend momentum persists.
Potential Reversal Point: A downturn below $3.59 might trigger a downtrend to $2.76.