The following content is machine translation:
In the 4-hour chart, it rebounded after the sharp drop on May 12, and almost all rebounded in the form of shocks. The high point of the rebound was gradually falling, forming a downward trend line, and the support of the callback formed an upward trend line. Yesterday, the big Yin line fell directly below the rise....
this is a completed bullish cfork with .618 target hit
but kinda looks like it just wants to do it again?
lol wierd chart
the instant retrace is super bearish but it could be that btc moved down and ftt is still just a btc crypto derivative
amazing how big companies like ftt and bincnace and microstrategy get influenced by this crazy volatile global asset
FTT has broken out of a massive bull flag on the HTF, having started an uptrend putting in a new series of higher highs and higher lows and forming the next higher low as we have corrected into daily and weekly demand zones.
Price corrected into a supply to demand flip with a high volume bottom before reversing trend and flipping bullish. RSI on weekly...
crypto market wide nuke from last cycle would suggest this kind of price action
fundamentally this is crazy to think about given all the mass adoption and high profiles now involved in the space
but this is technically what happened to now crazily high valuation companies such as binance
think ftt would have to hold up better than this given the status and acclaim...
📍SIGNAL ID: #015📍
COIN: FTT/USDT ( 10x )
Positions : BUY / LONG 💹
Entry < $48.9
SL $37 - $40
TP $49.5 - $58.8
Salah satu coin pilihan terbaik di spot dan cocok buat di Long
Karena lebih stabil dan tidak pump and dump
Saat koreksi btc adalah salah satu cara yang tepat untuk Buy FTT
#longftt #buyftt #ftt #scal #ftx
Besides $LOOKS, the other alt coin I hold that provides me with real utility is $FTT. If the market is really going through a bullish divergence then this monthly chart is looking fire with a very well outlined higher low. $FTT the new $BNB in a new bull cycle?
FTT has broken out of a downward channel bull flag to the upside having retested the outer channel. MACD on weekly looks great having just created a bullish crossover and bullish divergences occurring on RSI and MACD as the histogram starts to print its first green bar since November.
Weekly market structure is still bullish having put in a new HH and now formed...
FTT has reacted to the PCZ of a Bullish Gartley on the Weekly and has since begun to develop Weekly Hidden Bullish Divergence on the RSI and tail end Weekly Bullish Convergence on the MACD that could take it up to the levels of $94-$100
The following is machine translation:
The past two months have been range-bound.
The current indicator macd energy bar is above the zero axis.
Above resistance 48-50, here is expected to break through.
Operationally, there are many breakthroughs.
EMAs crossing down, price resting on Ichimoku cloud support after being rejected by channel resistance. RSI in a downtrend. OBV dropped below horizontal support and in a downtrend.
Break below $40.5 and hold and bottom of the range is clear to tap at $21.9.
Flip bullish only if market flip bullish and FTT breaks out of the descending channel.
The weekly technical chart of FTT suggests a strong upside trend in price and can soon see a momentum in the future . The daily chart of the asset price suggests a strong upside move in upcoming days. The price of the asset is trading below the 50 and 100 DMA and may see a positive hybrid in the future. The asset price is currently in an upside parallel channel...