FTX/USD - At CRITICAL resistance! $46 will break or make it! 😲FTX has arrived at a critical resistance level - $46.
Failure to push higher will likely lead to a pullback.
However, as presented on the chart, this last pump may have been wave 4 out of a 5 wave structure and we may get more pain before gain (see wave E).
As such, DO NOT FOMO HERE. This is where you take profit if you entered around C level.
Even if the 3-day indicators are bullish, I would be careful here if you are considering a long. The 12h timeframe is looking a bit overbought.
For FTX to push higher, we need BTC and the whole market to pump more.
For now, secure those juicy profits and only consider a long if FTX breaks the current resistance and makes it support.
Bias is neutral on this set-up. It can go either way, but I tend to think we fall at least to $44 or so.
Like and follow if you liked my idea!
FTXUSD
FTX / FTTAt 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.
FTT flipped SR and heading to new HighsFTT nice break out and flip of S/R
Price retesting currently the old resistance as support now.
Want to see price go back above PWH / WO / DO and hold for a push up towards PMH to $70
MS is bullish on the H4
Lowest price can go to remain bullish is the MO at $59.5
I do not want to see a close of H4 bellow it.
#FTXTOKEN #FTX DAILY CHART TECHNICAL ANALYSIS
Considering the orange and purple uptrend channel and the fact that the price has supported its uptrend line, as well as the formation of a triangular pattern, we can expect the price to grow to one of the following targets.
TARGET1: 100$
TARGET2: 140$
TARGET3: 170$
Due to the strong resistance on the first target, if the price reaches this target, save profit and free risk must be done.
STOP LOSS: 47$
ENTRY: 66-58
TIME 2-8W
FTTUSDT (4h Chart) - Ascending Triangle PatternFTTUSDT (4h Chart) Technical analysis
FTTUSDT (4h Chart) Currently trading at $61.75
Buy level :Above $61.20
Stop loss: Below $55.51
TP1: $67.85
TP2: $73.02
TP3: $78.11
TP4: $83.80
Max Leverage 3x
Always keep Stop loss
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$FTT - should go searching for ATH end of this weekYesterdays 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
Top 10 Altcoin Picks in 2021! | Part 1 of 2Note : While I focus on alts in this piece, Bitcoin should already be part of your portfolio. You should have at least 50% of your portfolio in BTC. Don't underestimate it, Bitcoin is the safest and most secure investment in the crypto market. Ignoring that is shortsighted. Make sure you allocate a fair share of BTC in your portfolio. The promise of moon from alts is very tempting, but don't lose yourself to greed.
Top altcoin picks in 2021:
1. ETH (runner up: DOT ). ETH remains one of the best picks in the altcoin market. This is because its market dominance and ecosystem is the envy of most other alts. While there are some scaling challenges for ETH (to be addressed in ETH 2.0), the momentum of its ecosystem - which is best reflected in the emerging Decentralized Finance/DEFI (now valued at $22 billion) - cannot be ignored. DOT is our runner up, which could be seen as a live and working ETH 2.5. DOT is the 5th largest coin by market cap at the time of this post after an exponential growth in early 2021. This testifies its strong fundamentals.
2. XLM (runner up: ADA ). XLM is consistently the blockchain with the highest average number of transactions (via coinstats) at around 30 mil transactions / week. The news that USDC stable coin will be available on XLM network in early Jan 2021 and that central banks (e.g. Ukraine) piloted their central bank digital currencies using XLM indicates REAL adoption is taking place positioning XLM as one of the leading blockchains for the world’s financial system. XLM having near instant and free transactions makes it even better. ADA or Cardano boosts a very strong team and in its third phase will focus on smart contracts integration rivaling some of the activities on the ETH DEFI market. I purposely left XRP out because with the SEC lawsuit ongoing, it's best to stay away.
3. LINK (runner up: GRT ). As a decentralized oracle network solution, LINK is the to-go solution for smart contracts. With DEFI and ETH ecosystems growing exponentially, LINK became a staple of such solutions and with it, its price and market cap made it a top 10 coin. GRT or the Graph is our runner up as one of the most popular indexing protocol on the ETH ecosystem. Some called it the google of blockchains, indexing blockchain data for real use cases. For this reason it is another go-to solution in the ever expanding ETH ecosystem.
4. USDC (runner up: DAI ). What - a stablecoin? Yes, you need to know your crypto. USDC is positioned to rival USDT market cap in time, seeing a 4x increase in the past few months and being the second most used stablecoin. With Goldman Sachs backed company Circle as the creator of USDC, you can't go wrong here. USDC is your best bet for a centralized, safe, secure and reputable stable coin pegged to the USD. If centralized stablecoins are not your cup of tea, then DAI is definitely for you as a decentralized stablecoin backed by a basket of crypto assets, including PAX Gold! Last time we saw USD backed by gold was in 1971. This is quite unique. You can mint DAI by smartlocking other crypto assets. USDT uncertainty and lack of transparency in their holding will continue to create a market for sound alternatives like USDC and DAI. It's important to mention BUSD also gained significant market share as a stablecoin by Binance.
5. BNB (runner up: FTX ). With Binance being the de facto leader in the crypto exchange market as well as an innovator in the sector, we cannot ignore its coin BNB which has seen a tremendous growth over time. BNB has many attractive use cases, from trade discounts on the Binance exchange to being the native token on the Binance Chain. With Binance posting a wooping $80 billion in daily trading volume on 4th January 2021, it's hard to ignore the use case/value of BNB. FTX token comes second here and it is one of the fastest growing exchange tokens, seeing exponential growth, in line with its corresponding exchange volume.
See my other idea for Part 2 (ranks 6 to 10).
What do you think about the above list and what are your recommendations for this year? Let me know below.
LARGO - FTT - Gran OportunidadGran oportunidad en FTX:FTTUSD . Lamentablemente nos perdimos la ruptura del triangulo simetrico que tenia ya unos buenos meses formandose, pero sin embargo existe la oportunidad de comprar en un retest del soporte.
FTT es una moneda que nosotros tenemos a largo plazo, ya que nos agrada mucho la manera de pensar y actuar de FTX y Alamenda Research, y vemos mucho potencial en ellos a futuro.
Entrada: 3.33
Objetivo: 4.141
SL: 3.147
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