Just classic TA. Bull flag is a falling wedge which should breakout with a minimum of $72 then $84 . I am expecting one more dip to for a bullish divergence.
REASONS TO ENTER :-
1. Support Zone
2. 0.6 Fib Level
3. Double Bottom Pattern
Wait for Break Out of trendline before entering long
Target are previous resistance levels
Note:- Bitcoin should remain stable for the setup to playout successfully
PRICE ACTION TRADING
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Timeframe 4 hours. Of all alt-coins, FTT looks clear and predictable for us. After exiting the current range, it is possible to update the global highs since the current range has been traded for quite a long time. Take 1 - 52 $ / take 2 - 54 $ / - take 3 - 56 $.
It is also wise to leave some of the position in case of tothemoon and a new high.
Here's a quick look at FTT 2 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. There's also a possible head & shoulder pattern which is bearish. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume.
If we break below the...
FTT is a good project and has exclusive growth potential. The best entry point is in the chart below:
Thank you so much for supporting me and your kindness >_-
Simple setups which are almost *obvious* are often the best ones.
One of the simplest and yet most powerful setups is entering on a pullback in a trending market.
Here we see an example of a pullback forming in an uptrend for the coin FTT (on the BTC pair).
A) THE ANALYSIS
FTT is the exchange token for the FTX exchange. Here is what I see on the H4 timeframe...
$FTT may need to come down to $50 to grab some liquidity since 3 drive wedge is completed. Once we clear small range just above midrange we may test prior ATH and then very fast to OB. Those trending gap candles in context must be filled before continuation.
Invalidation: ATH
-FTT has risen over 20% the last week
-Price has formed an ascending channel over the last week
-FTT is being held up by the 50MA
FTX Token (FTT) is the backbone of the FTX ecosystem. FTX exchange has been rapidly growing over the last year along with its native token, FTT. FTT has experienced an immense amount of gains throughout the year as prices continue to...
In FTTUSDT 1h
There is a potential cup and handle pattern .
The downtrend be broken out and close with short upper shadow .
Let's setup the plan
TP1: Fib 1 (83.86)
If it break out Fib 1 (83.86) and the close with short shadow too.
TP2: Fib 1.272 (94..40)
TP3: Fib 1.382 (98.66)
TP4: Fib 2 (122.611)
SL : 69.82
Hi followers,
BINANCE:FTTBTC showing signs of strength! When all the crypto market had a correction few days ago, FTT stayed strong.
The pair broke recently above all time high, then retested the area and formed higher low with continuation breakout.
Any pullback should be considered as buying opportunity now.
Don't forget to manage your risk! 👌
Good luck...
In this post, I'll be taking a technical approach to Solana ($SOL) .
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Solana is currently ranked #6 in terms of market cap, with a size...
Looking like FTT cleared weekly resistance at $60.
Given how the same parties are tied with $SOL, I think they're going to try and do a similar run.
$100 is prob what everyone's gunning for.
Colored boxes are moonshot targets!
Magenta lines represent weekly levels.
Yesterdays dump took us into a D OB
Today we came and sweeped the wick low yesterday
Now we have got above the H1 up candle - the BKR - the breaker - that caused the sweep, and retesting it as support!
Missed limit entry at top of breaker - wasn't at PC
Market longed - aiming for -0.236 fib of H12 range confluent with around $90 - psychological level
Don't let me down SAM
We know FTT is a wonderful token, many proofs and a lot of funds are behind it, BUT;
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It is in overextended area and Due to FTT historical movements(as you see in the previous one) we had an extreme 60%ish correction from May 12th till June 26th!
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So, I do not expect such an aggressive correction, however, my best entry point is around 50 and 60% of fib...
