Hello everyone,
this is my 9th recommendation in the altcoin crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of FTTUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period lengths (20, 40 , 80, 160, 320, 640, 1280, 2560, 4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H + L) / 2 OF 2H candle sticks( to remove the distortions for the purpose of simplification). This chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. now, how do you trade this?, the more compressed it is the more you buy and the more stretched it is the more you sell. Now if you look at the chart you will find FTTUSDT is just breaking out of the compressed mode and you will see that it has very strong long-term trend, it doubles on average every 30 days (I usually use average logarithmic return to reach this result, however I use different parameters depending on the asset). also its worth mentioning that FTTUSDT has relatively better volatility profile compared to other crypto-assets. actually, there isn't many other crypto-assets that combine low volatility and high return.
with all that said my conclusion is that FTTUSDT is selling at a fair price and is expected to be one of the best performing crypto-assets in the next week or two. please follow in order to see updates if the asset reaches the selling zone, and to see my new trading ideas.
please like, and ask any questions in the comments. also If you like my ideas you can support me by sharing them or you can just tip me through my FTT wallet address bellow: ()ERC20)
0x850df6a0f6b4f8f2d19910654aff47dbec8dc226
thanks
Mustafa
this is my 9th recommendation in the altcoin crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of FTTUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period lengths (20, 40 , 80, 160, 320, 640, 1280, 2560, 4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H + L) / 2 OF 2H candle sticks( to remove the distortions for the purpose of simplification). This chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. now, how do you trade this?, the more compressed it is the more you buy and the more stretched it is the more you sell. Now if you look at the chart you will find FTTUSDT is just breaking out of the compressed mode and you will see that it has very strong long-term trend, it doubles on average every 30 days (I usually use average logarithmic return to reach this result, however I use different parameters depending on the asset). also its worth mentioning that FTTUSDT has relatively better volatility profile compared to other crypto-assets. actually, there isn't many other crypto-assets that combine low volatility and high return.
with all that said my conclusion is that FTTUSDT is selling at a fair price and is expected to be one of the best performing crypto-assets in the next week or two. please follow in order to see updates if the asset reaches the selling zone, and to see my new trading ideas.
please like, and ask any questions in the comments. also If you like my ideas you can support me by sharing them or you can just tip me through my FTT wallet address bellow: ()ERC20)
0x850df6a0f6b4f8f2d19910654aff47dbec8dc226
thanks
Mustafa
