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FTTBTC - a pullback in an uptrendSimple setups which are almost *obvious* are often the best ones. One of the simplest and yet most powerful setups is entering on a pullback in a trending market. Here we see an example of a pullback forming in an uptrend for the coin FTT (on the BTC pair). A) THE ANALYSIS FTT is the exchange token for the FTX exchange. Here is what I see on the H4 timeframe for FTTBTC 1) A clear trend - - The trend is up (a simple glance at the chart is enough to see this) 2) A pullback after an impulse - - Price action on the pullback is clearly weak, as compared to strength on the impulse (in other words - bulls are strong and bears are weak) - "Weaker" PA is seen in smaller candles on the pullback, and a gentler angle than the bullish move that preceded it 3) Clear support - - There is a clear support zone at 0.00135 to 145, that has caused a bullish reaction before. There is another support area below it - 0.0012 to 125 - Also, as a nice confluence, the upper zone lines up with the 20-Day EMA ( which acts as dynamic support in trending markets ) 4) Price action on approach - - We can see wicks appearing on the downside as price approaches the support area - a good sign B) THE SETUP PARAMETERS Putting all of this together, we have a nice trade setup, which essentially can be summed up as "buying a pullback into support in an uptrending market" 1) Entry There are two ways to enter that I use (depends on personal preference) 1 - I would enter directly one price is in the support zone ( potentially better entries, but may get stopped out if price goes lower before reversing ). I would add to the position if price falls to the lower support. 2 - I could also enter after a bullish candlestick , ideally with good volume, at a support. This could be a lower wick pinbar or an engulfing bar at support. 2) Profit taking 1- Minimum (conservative) target would be the prior swing highs (0.00177 or so). 2- But judging by the strength of the trend, this could go much higher. Could take part profits at highs and then hold remaining with a trailing stop below the 20-day EMA. 3) Stop Loss 1 - Aggressive stop would be below the support box 2 - "Safe" stop would be below the key support at 0.0012 Fundamentals - Solana Tailwinds If you've followed the crypto market in the last few months, you may have seen the incredible growth of Solana FTT is a coin which belongs in the same ecosystem, and may be supported by the Solana tailwinds.
FLong
by thesimpltrader
1
FTX Token Struggles Near ATH As Bears Attempt To Pull It Down-FTT has risen over 20% the last week -Price has formed an ascending channel over the last week -FTT is being held up by the 50MA FTX Token (FTT) is the backbone of the FTX ecosystem. FTX exchange has been rapidly growing over the last year along with its native token, FTT. FTT has experienced an immense amount of gains throughout the year as prices continue to rise along with the usage of the FTX platform. FTT gives fee rebates to holders of the token along with the opportunity to stake FTT which comes along with many benefits. FTX token can be compared to BNB in the sense that it is woven within each exchange platform which both offer incentives for the users. Ever since the start of September, FTT has had an explosive run up to ATH. Since the 1st of the month FTT is currently up over 55% while it reached a peak gain of 80% just over 2 days ago. At the time of writing, price is attempting to regain its major resistance zone of $75-$78. If this is deemed successful, FTX token will likely spike back above the $80 value. Over the last 10 days price has began to form an ascending channel (light blue). Until a breakout of either trend occurs, FTT will stay put within the channel. 

 Since the beginning of the month, price has been holding above the 50MA very well. This MA can be used as a good gauge as to whether or not FTT is in an uptrend or not. At the time of writing, FTT is tangling on to the bottom trend of its channel formation. Right below this trend lies the 50MA. If bears pull price below its channel trend, the last chance for FTT to keep its uptrend in tact is this MA. In the case price breaks below this MA, FTT will likely be in a short term downtrend which will land prices back in the low $60s. 

 While looking at the Stochastic RSI, we can see strength has been stuck within the oversold region for nearly 2 days. Strength must bounce out of this zone quickly & break the 20 value to save itself from further downside. The MAs of the MACD have been floating above the 0 value ever since the start of the month. This is not the most bullish sign as these MAs always find their way back to the 0 value at minimum. A bounce off the 0 value will likely setup FTT for a push back into its major resistance zone. 

 FTT Intraday Analysis Spot rate: $73.37 Trend: Bullish Volatility: Medium Support: $69.76 Resistance: $75.24

by CoinGape
FTT/BTC buy opportunityHi followers, BINANCE:FTTBTC showing signs of strength! When all the crypto market had a correction few days ago, FTT stayed strong. The pair broke recently above all time high, then retested the area and formed higher low with continuation breakout. Any pullback should be considered as buying opportunity now. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
FLong
by FradkinXBT
Solana (SOL): Massive Upside PotentialIn this post, I'll be taking a technical approach to Solana ($SOL) . Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Analysis - Solana is currently ranked #6 in terms of market cap, with a size of $58B. - It is a rising platform that is arguably more efficient and cheaper than existing ones. - Looking at the technicals, there are three main points that I found to be very bullish: - First, we broke through the trend line resistance that connects the higher highs. - Also, despite the massive price dump that took place across the entire crypto market yesterday, Solana has managed to maintain its momentum. - Third, the volume continues to increase as we trend upwards, demonstrating confidence from buyers. - The moving averages are also aligned in order, indicating that the overall uptrend on the longer frame is intact - Counting waves, we can see that we are currently in the midst of the fifth impulse wave. - Based on fibonacci retracement levels, we could expect strong resistance around $250, with a target up to $770. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
FTX:SOLUSDLong
by Michael_Wang_Official
10
FTT/USD bullish uptrend will continueAfter I posted the last idea of FTT, It bring a crazy pump more than 40% in one day and reached ATH. "FTT/USD go to ATH soon?" << you can go to my profile to see this idea. Here is my latest idea of FTT: - 4 hours chart break the down tread, seems the correction is completed? - In trending trading, the bullish stocks will keep creating the ATH.... FTT can do that too! - In the latest FTX IEO, the new token bring more than 100x... It mean next FTX IEO will bring more people to join and FTT demand will be high.... - If compare BNB and FTT, FTT token still in low market cap... As said, FTX is growling fast and which is a innovation crypto exchange, it also is a long term project to me. This is not financial advice. Just my point of view. You're welcome to leave your comment if you want further discussion.
FTX:FTTUSD
by cryptotraderman
Sam Bankman : Hold my FTT !Salve , long time no see today I'm gonna talk about FTT token. FTT is FTX's exchange token Holders get a fraction of exchange fees, a fraction of the liquidation insurance fund, and can use the token as collateral and to get tighter OTC spreads on FTX. If you missed BNB at 60 you better don't miss FTT and you better HODL it too. Targets 65 - 70 - 75 - 80 - 90 - 99 Stop-loss 55 - 50 what do you think about the future of FTX exchange? what chart you like to see for our next idea?
Long
by amirsediq
2