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FTT

FTT will be next BNBHello everyone todays Im going to talk about FTT token and why its important FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement. In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model. On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet. Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens. Targets 27 - 29 - 32 - 35 Stop loss 23 - 20 Do you think FTT can be more valuable than BNB in future?
Long
by UnknownUnicorn25270489
2
FTX Token Shows Strength As Uptrend Is Still In Tact-FTT Is up over 30% from its low in June -Price has respected an ascending channel for nearly 3 weeks -FTT must break & hold its mid term trend to be set free FTX token had an amazing run the last year as it rose over 2000% off its low. FTT fell victim to the trend of the market and has fallen over -50% off its ATH. FTX crypto exchange is becoming a widespread name as it nears the top 3 cryptocurrency trading volume in the world. The strong correlation with FTT & FTX exchange has likely held prices higher as there is utility involved with FTT, similar to BNB & Binance. FTT has shown more strength than many alt coins which has investors peaking an eye on a potential stronger revival. FTX has been stuck within an ascending channel the last 3 weeks as traders fight for a strong breakout to either side. In the past week, FTT experienced a rejection at major resistance zone of $30.55-$31.95. Price must break & hold this mark to be set free for a shot to its first target of $34. Along with this resistance zone lies a mid term trend line (shown in black). Price must also break and hold this line for bulls to have a chance to start a stronger bull trend. At the time of writing, the 200MA has held the price of FTT from further downside. This moving average is also met with the bottom trend line of the 3 week ascending channel. If bears manage to take back control of FTT and break these two marks, FTT will have a drop to major support of $26.95. This would also break the 3 week trend line which would be a bearish scenario for FTT as it will likely experience further downfalls. While looking at the Stochastic RSI we can see strength has been coiling within the oversold territory. This may result in a large spike back above the 20 value which will likely send FTT back near $30. The regular RSI also is showing a slight bullish bias as it has formed a bullish divergence. A break above the 50 value on the strength would be the best scenario for FTT. FTT intraday levels Spot rate: $28.96 Trend: Bullish Volatility: Medium 
Support: $28 Resistance: $29.59

by CoinGape
1
🆓FTX Token (FTT) July-10 #FTT $FTTThe $28 zone is an important support area for FTT and if it doesn't lose this zone, the FTT will likely continue to rise to the $32 and $36 or even $44 zone this July. However, if it loses the $28 zone, it will have a quick drop to the $25 or $22 zone 📈BUY 🔴Buy : 27.5-28.5$. SL if B 🔴Buy : 31.5-32.5$ if A. SL if B 📉SELL 🔴Sell : 31.5-32.5$. SL if A 🔴Sell : 35.5-36.5$. SL if A 🔴Sell : 43-45$. SL if A ♻️BACK-UP 🔵Sell : 27.5-28.5$ if B. SL if A 🔵Buy : 24.5-25.5$ if A. SL if B 🔵Buy : 21.5-22.5$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
💡Don't miss the great buy opportunity in FTTUSD@FTX_Official Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (59.116). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . FTTUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. Take Profits: TP1= @ 63.000 TP2= @ 65.730 TP3= @ 68.000 TP4= @ 71.220 TP5= @ 74.000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in FTTUSD@FTX_Official Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (59.116). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . FTTUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. Take Profits: TP1= @ 63.000 TP2= @ 65.730 TP3= @ 68.000 TP4= @ 71.220 TP5= @ 74.000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
17
🔥 FTT Channel ContinuationFTT has been trading inside this channel for over a month now. With the most recent BTC sell-off, FTT fell towards the lower support of the channel. This trade is based on the idea that the channel will hold in the near future. Obviously, this trade's success is highly correlated with Bitcoin's short term price action. In case BTC will fall further, FTT will fall through the channel. In case you are bullish on BTC, this might be a proper trade for you. Happy trading!
Long
by FieryTrading
10