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CFcryptoTA
Sep 1, 2021 10:37 AM

FTT Ready? Long

FTT / USDFTX

Description

FTT is one of my favourite altcoins, with a great future ahead. Now looking short term FTT is approaching the resistance after a series of higher lows creating a triangle. It might have one last rejection at the resistance before breaking it in the next 1-2 days. 25% profit ahead reaching the old ATH and probably temporarily violating it reaching $63. Bullish signs of a possible successful breakout are:
- Bullish engulfing in the last support
- VMA providing momentum and support on the breakout
- bullish cross on the Stoch RSI (daily)
Wait for a breakout for a safe entry with a stop loss below the last low (aggressive)

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Comments
Rumi92
spot on, well done!
CFcryptoTA
@Rumi92 thanks, I hope you got it too!
CFcryptoTA
FTT has perfectly reached my targets. I have sold a small portion for profits. There is going to be a possible exhaustion move soon with another push up soon, however, I won't be entering again right now, as I am happy with my holdings.
Just a quick tip...if you are taking profit, try to make some profit in BTC rather than USDT so you won't exit the market but you will be in a less risky asset in the crypto space that if retrace, will retrace less than the other altcoins.
Ultimately if you are a bitcoin maximalist, you know that BTC is 100x better than the dollar and BTC in the future so you want to accumulate more BTC.
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