Hello all. Here is a simple FTX Token analysis. (Can't buy on coinbase yet!)
Looking at the price on daily chart, we see that FTX is trading in the fib golden pocket at $44-$46. This is indicated on the left side Fibonacci retracement.
We can also see that FTX found support on the ascending line of support which is the bottom yellow line.
The 170% trade is...
Considering the orange and purple uptrend channel and the fact that the price has supported its uptrend line, as well as the formation of a triangular pattern, we can expect the price to grow to one of the following targets.
TARGET1: 100$
TARGET2: 140$
TARGET3: 170$
Due to the strong resistance on the first target, if the price reaches this target, save profit...
Following on from Solana's breakout, FTT normally follows SOL and it currently appears to be in the latter stages of plotting a cup and handle formation, targets are $86, then a pull back into handle formation before lifting off towards $111 on handle breakout.
NFA & DYOR - Please like and follow if you found this idea helpful - Thanks! 🤑
At the end of its bearish cycle in the future upward crossing of the 50% RSI on the Ashi candles and with a solid confirmation of a new weekly low in one of the next two supports to find the ENTRY POINT best (s).
We observe the continuity of the uptrend and the immense upside potential of this FTX Exchange Crypto.
We have seen exchange tokens already pumped. But FTX token pump is pending..
Spot buy
Ftt very looking very nice here
Entry 50-52 short entry
Average entry 45-48
Sl 40 daily closing
Targets 70-75 short term
Mid term 85-100-110
FTX token recently made all time highs but the quickly dropped back down.
It broke the major trendline, which tells us that the uptrend is growing weaker. We are now struggling to move up back to ATH's.
Will be keeping a close eye on this and if we correct all the way to ATH, could be the making of a great short!
However, if we see any bullish corrections now,...
Ftt is already close to opening new prices, its fair price at the moment is almost 3 times less than the traded one, so Ftt has huge potential in the near future.
Money flows to America. Because ftx is the largest american stock exchange. FTT will price the token. BTC record price came in according to american time. Not according to Chinese time. This is how we can follow the direction of the flow of money. Follow the money and win.
It is not investment advice.
Sam coins are on the rise again. FTT is probably one of the safest altcoin you can buy for a long term hold regardless of the chart too.
With that being said, $61 is a key resistance level here. If this breaks, $70 should come shortly after.
Good luck!
BNB 10x CZ gang or SAM GANG 20x
Sam gang whatup
So will FTT do what BNB did in 17? yeh prob.
Also this is one of those MUCH SAFER 10-20x than your favorite s&*^coin.
seems my last idea with this theory in mind was a bit early. i tend to do that.
LFG
Aight, this is a quick one
$FTT is trading at a crucial level right now.
Loosing this support means I’m following the path B
Holding it and I will trading according to scenario A
We might see some wicks below this support due to the current situation of the market, so trade safely and wait for breakouts + retests
![FTTUSDT: FTT to 100 USD [Target 161.8% Elliott Wave ]](https://s3.tradingview.com/m/m9QgUU9q_mid.png "FTT to 100 USD [Target 161.8% Elliott Wave ]")
