FTTUSDT (Day Chart) Technical analysis
FTT/USDT Currently trading at $60.00
Long Entry: above $50.00 -$60.00
Target 1 : $70.00
Target 2 : $85.00
Target 3 : $100.00
Taeget 4: $125.00
Max leverage: 2x or buy it on the spot market
Always keep stop loss
FTT has broken the resistance that has acted in this role since early September. After several re-tests we finally broke it once we bounced on a good support level
Now we're making this resistance level support, should that succeed, I see up quickly moving up with a nice target at $67. Once there best to secure profits and re-assess.
We also have a resistance...
At present, according to the areas of support and resistance, as well as previous behavioral patterns, there is a possibility of moving up and reaching the next resistance range.
Future movements of this currency are predicted only as a moving probability.
However, in the event of a return and a drop in the price of the support areas, it is also clear that the...
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...
According to the fibo channel as well as the harmonic pattern of the cup, this currency can reach $ 100. But be aware of the price of bitcoin, it may have a momentary price drop. So try to buy with low lever or in spot mode. Be profitable.
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
-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
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
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.
First of all, I request you guys, do not take this analysis as a piece of financial advice,
DO MORE RESEARCH, DO MORE ANALYSIS!!!
FTT is a good project to me, FTT is a token that serves as the backbone of the FTX ecosystem. The token is intricately designed to increase network effects and demands for the token, while also helping to decrease...