Signal: Red -> Green
Confirmation: Break Through the Resistance Line
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
This FTX Token (FTT) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our FTX Token (FTT) price analysis and prediction.
In FTTUSDT 1h
There is a potential cup and handle pattern .
The downtrend be broken out and close with short upper shadow .
Let's setup the plan
TP1: Fib 1 (83.86)
If it break out Fib 1 (83.86) and the close with short shadow too.
TP2: Fib 1.272 (94..40)
TP3: Fib 1.382 (98.66)
TP4: Fib 2 (122.611)
SL : 69.82
FTT is pretty noisy on the lower timeframes, impossible to daytrade. Better stick with spot trading for this one.
Weekly levels as shown in the chart. 48$ is key, 50$ seems to be a decent long term entry. I see FTT at 400$ in the future.
FTT is looking good for an entry. Broke out of the falling trendline and was done with the retest. Expecting 20% to 30% gain from the entry.
Enter: $54.396 to $55.922
Stop Loss: $51.133
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
FTT token is my fav of the utility tokens. Over the past few days, it held support levels around $60.
With that broken, I see the next support level to $52 almost matches the fib level here.
The market is very choppy and indecisive for me, so I am just placing my limit orders at $52 and patiently waiting.
(Disclaimer - not financial advice)