FTT going to make New ATH soon! Things to Note:
1. Bullish Market Structure
2. Expansion in Volume
3. Pierced above ATH
4. Change of polarity of ATH level
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
FTTUSD
FTT (FTTUSD) – Trading channel establishedHere is a channel I have been trading for the past fortnight and has so far been very profitable.
The green area is strong support.
This looks like it has more upside potential and as long as it continues moving within the range it will provide more opportunities for easy profit.
🆓FTX Token/USDT Analysis (23/2) #FTT $FTTThe strong buying force continues to pour into FTT in this February, showing the possibility of FTT's price increase, but because the market health is quite weak, FTT is currently still dominated by selling, but not because of the strong selling force, but because the buying force is temporarily paused.
As long as FTT surpasses $32 zone, strong buying force will push in to help FTT rise to $46 and even $64 zones.
📅NEWS
No News
📈BUY
-Buy: 26.5-28.5$. SL if B
-Buy: 31.5-33.5$ if A. SL if B
📉SELL
-Sell: 45-47$. SL if A
-Sell: 64-66$. SL if A
♻️BACK-UP
-Sell: 26.5-28.5$ if B. SL if A
-Buy: 20-22$.SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
FTT - FTX Exchange coin Feb/Mar 2021Entered a while ago and put it forward to you that FTT is one to hold (just as long as you have been holding Binance BNB).
With circulating supply of 94,346,958 FTT and a total supply of 345,219,294 FTT (5 million have been burnt to date).
"In addition, we will be repurchasing and burning tokens equal to:
a) 33% of all fees generated on FTX markets
b) 10% of net additions to the insurance fund ('Socialized Gains')
c) 5% of fees earned from other uses of the FTX platform
FTX will buy and burn every Monday starting on July 29th, 2019. The purchasing will happen on the FTX FTT/USD market at a pre-announced time of day; all tokens purchased will be burnt."
BNB went from $4 to $20 to $40 and then shot up to $100 and is resting at $140.
FTT can do it too.
Long HOLD
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FTT/BTC (Next Key Support @ 2588 Sat)FTT/BTC
-FTX Token broke the local support at around 3000 area
-The price has fallen and down by almost -5%
-There is no clear support at the current market price
-The only area we need to be watching is around 2588 range
-This is a confluence of the previous support zone
-If the price will reach this level, chances of recovery are high
-Enable your alerts and add this to your watchlist
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($FTT)Hey fam, we are trying out a new color scheme. Let us know what you think in the comments.
FTX has seen some really bullish news recently between getting added to Coinbase Custody and launching FTX US. While having its leveraged tokens being delisted from Binance was a big blow to this up and coming exchange, there are still plenty of reasons to be bullish on FTX's native token FTT. One of the best reasons to be bullish on FTT is the overall uptrend according to our Fractal Trend indicator and the general appetite for exchange tokens in the crypto market.
With all that said, while a leveraged long would be exciting based on the FA, the TA isn't exactly giving us a clear entry here especially with BTC struggling to find clear support (see the related ideas below). So for now, let's look at some levels of interest to help plan for a nice long setup later.
Currently we are consolidating within a pennant. The bull case here is a rally out of the pennant to the upside. This would help it to retain FTT's overall uptrend since the COVID crash.
If the current price structure does not hold, which seems more likely, we can look for lower levels. Below us we see S1 - S3 support as plotted by our Directional Bias and Orderblock Mapping indicators. Of these S1 gives the bulls a solid support level off of which to ensure a continued uptrend.
Above us is R1 which will act as resistance regardless of which direction the price action goes, but should specifically be watched if FTT can rally past the top of the pennant.
Resources: ftx.us + cointelegraph.com + cointelegraph.com
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