When it comes to technical analysis, nothing compares to volume and price action, these are definitely the strongest data points to consider. That is, the current price, what is happening and if there is any real market force behind the move.
FTX Token (FTTUSDT) is growing really strong, over 390% in the last 10 days and over 240% within the last 7 days.
This same week, FTTUSDT is showing the highest volume ever on a green session, dwarfing the 2021 bull-market, but there is always more. In fact, while nothing compares to price action and volume, some signals can reveal more about the future than these two, specially when we combine a set of signals together to build a nice picture.
See this, FTT moved this week above its March 2020 low, a major turning point. This level stopped the drop in November 2022 and the bottom formed right below it. A move above would signal that the bottom is in.
Finally, we get the mirror image. Fast drop = fast rise.
There is huge potential for FTT medium-term since all previous gains were deleted by almost 100%. We should see many targets on the way up, but I am pointing out just a few for you on the chart.
These are just projections, things can always vary and change. The 1,265% potential is for the medium-term, there can be much, much more long-term. Short-term, just see what has been happening in the last few days... Massive growth, but this type of action has its disadvantages. When the time for retraces and corrections come, the swings will be wild... So make sure to secure profits on the way up.
Don't be greedy, be happy with your results. If one opportunity is missed, a million more will show up.
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