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...
The FTT is experiencing a correction after a rapid upward movement.
We can observe purchases in the range of $48.00 - $52.00
It would be a good idea to place a stop loss under the price level of $44.75
Take profit targets at $73.00 and $82.00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be...
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.
FTT has an entirely different setup than most other coins. It's the native coin of the FTX Exchange (on of the biggest at the moment). It gives big benefits such as NO trading fees, free SRM (>500 FTT) and a couple of free ETH transfers per day. My guess is that FTX will get more retail on their platform, than the FTT price will go up.
My brother, which doesn't trade crypto, "What do you think of FTT"? My reacation was one of "great another .000044 "shib-coin" to advise on; rather, quite the opposite. BTC will rebound shortly, when it does keep an eye on FTT. I predict 97.00-100.00 by April2022. Currently, that means doubling your money in 5 months. This is more of a "Move off of XRP", which...
After a few weeks of consolidation FTT has traded relatively flat between 63.5-57 USD
Price action is tightening
EMA Ribbons are tightly correlated
Bullish pennant is forming quickly
Targeting 90 USD minimum on this move