FTTUSD turned vastly overbought on the 1D timeframe (RSI = 84.499, MACD = 0.086, ADX = 31.969) as on today's incredibly strong candle, it hit the bottom of the R1 Zone. This is the best sell entry on an 11 month basis. We are targeting the HL trendline, not lower than the S1 level (TP = 1.15000).
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FTTUSD, the FTX Token, held the 1D MA200 and since yesterday it is rebounding with aggression on a 1D timeframe that turned bullish again (RSI = 61.498, MACD = 0.102, ADX = 42.568). As the LMACD is about to form a Bullish Cross, this leg is the second wave of the rally to the R1 we spoke of last month. We are therefore adding an extra long, targeting the...
The FTX Token touched yesterday the 1D MA200 for the first time since April 2022 turning the 1D technicals largely bullish (RSI = 67.207, MACD = 0.051, ADX = 48.882). This is a major buy trigger, which with the Support of the 1D MA50 can target the top of the 7 month Rectangle pattern (TP = 2.70000).
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