FTT (FTX.com) exchange coin shows signs for a potential weekly kind of breakout. MACD histogram and the Oscillator look good for it.
It sits under the resistance with -0,0004 % funding rates right now. I monitor the funding rates on it for quite awhile and say that the rapid gains are clearly a soft low volume short squeeze till now.
I'm not long but I have a FTT...
FTT corrected together with the market, the price came to the buyers' interest zone of $34.60 - $41.90
After exiting from correction, it is possible to count on the high-grade rebound.
We can consider an entry into the position in the range of $40.00 - $41.90
Closing of a position using a stop-loss can be considered in case of price leaving...
FTT has rallied then declined in a 5-3 Elliott wave pattern.
In Elliott wave terms, when you have a five-wave advance followed by a three-wave decline, most times, it is followed by another five-wave advance.
From June 2021 to the Sept 2021 high, prices rallied in a five-wave impulse pattern. Then from September 2021 to the December 2021 low, a three-wave...
#FTT will confirm its Bull Continuation signal on 4H timeframe in 50min
Looking at 4H Chart, would it go to possibility 1 or possibility 2?
Looking at Daily Chart, would it go to possibility 3 or possibility 4?
Let's see... NFA DYOR
Disclamer : This is not investment advice
We are on oblique resistance Works 2 time.
My strategy : It is possible that we come to the reloading area of the old rise. I wait the 38.2/38.4 to buy and add stop-losse under the previous bottom at 33.10
the momentum and Williams say it is possible to go bottom and rise after.
This chart is in the linear form! However, FTT just broke bearish trend line in the candlestick chart.
If we close the daily above that trendline, We can expect FTT to target higher prices.
$48, $53 and $59.
Let me know what you think. Please follow me and like this post!
FTT is breaking through the strong resistance area where it was rejected two times. In case the price keeps holding above the area, this level vill turn to support and bullish movement to next resistance at 53$ is expected to happen
We've been hugging the lower end of the Bollinger Bands since the November peak, without much chopping between. The bands continue narrowing, and moving sideways. If you believe in the power of the bands, you might note just how wide the risk : reward spread has gotten across the market. Massive gainer potential here folks! It might be choppy though, be careful!
Guys it looks first wave was done and now is starting big third wave...
That means, FTT will explode
In my opinion in 2k22 FTT would have bull run
So i am taking some positions
if someone want to long from now u can set SL on 36 bucks and target u can check on the chart
Wish u Luck!