Binance: FTT/BTC Long. Is it time for the uptrend ?Taking a look at the 1D chart. You can see how FTT has been going through a period of accumulation (since around May 20th). Price relatively playing on the same range, with the last few days closing green, which it could be an indication that the trend has finally change and a move upwards is incoming. A daily closing under 2985 will invalidate the trade and will be a sign on the trend turning bearish on which a better setup should be found or re-enter at a better entry. Feel free to share your thoughts :)
Entry: 3000 - 3050
Short term/scalp target: 3200
TG1: 3415
TG2: 3595
TG3: 3780
TG4: 4000
HODL TG: 4200
Stop if daily closes under 2985
FTTBTC
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($FTT)Hey fam, we are trying out a new color scheme. Let us know what you think in the comments.
FTX has seen some really bullish news recently between getting added to Coinbase Custody and launching FTX US. While having its leveraged tokens being delisted from Binance was a big blow to this up and coming exchange, there are still plenty of reasons to be bullish on FTX's native token FTT. One of the best reasons to be bullish on FTT is the overall uptrend according to our Fractal Trend indicator and the general appetite for exchange tokens in the crypto market.
With all that said, while a leveraged long would be exciting based on the FA, the TA isn't exactly giving us a clear entry here especially with BTC struggling to find clear support (see the related ideas below). So for now, let's look at some levels of interest to help plan for a nice long setup later.
Currently we are consolidating within a pennant. The bull case here is a rally out of the pennant to the upside. This would help it to retain FTT's overall uptrend since the COVID crash.
If the current price structure does not hold, which seems more likely, we can look for lower levels. Below us we see S1 - S3 support as plotted by our Directional Bias and Orderblock Mapping indicators. Of these S1 gives the bulls a solid support level off of which to ensure a continued uptrend.
Above us is R1 which will act as resistance regardless of which direction the price action goes, but should specifically be watched if FTT can rally past the top of the pennant.
Resources: ftx.us + cointelegraph.com + cointelegraph.com
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FTTBTC: +25% in BTCI find out token that is up in BTC - FTTBTC , token of FTX exchange.
Assuming all other exchange tokens pumped not this great I think there's a decent chance to short this local top.
Stop could be tighter - I'm keeping an eye on the market.
Information is just for educational purposes, never financial advice. Always do your own research.
FTX Token Chart Mapped | Resistance & Support LevelsHere we have for you the FTTBTC (FTX Token) chart with Fibonacci support and resistance levels mapped.
FTX Token (FTTBTC) Chart Analysis by Alan Masters
Here we have a very strong/bullish chart.
Prices for FTTBTC are now trading above EMA50 on really high volume. With a strong daily candle close (closing at 0.00002690 or higher), FTTBTC can continue straight up.
The RSI is bullish sitting at 65.
The MACD is trending up and gaining momentum.
Full bullish candle today.
Broken falling wedge.
Bullish Cryptocurrency Market.
FTX Token can easily continue to grow...
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Got itHello everyone, this is our view on BINANCE:FTTBTC , enjoy!
Analysis:
Recently listed on Binance, so only small timeframes count this term. Huge volume spike, someone has interests on this. Trying it's way up an ascending wedge, we'll certainly breakdown in a while. Uptrend seems to have already started, we believe you should buy the dip following this pattern, supports and resistances. Ema and Wma shown on chart as dynamic resistance and support. Bullish and stretched bollinger. Large ichimoku cloud will support the price. No fisher. Laggings are bullish as they have enough room for next leg down. Bearish momentum on macd and amazing oscillator. This coin always reacts to fear accumulation, so preparing for a jump.
Strategy:
Good coin to hodl, long-term we're mostly going up, buy supports sell resistances.
Entry: 2753 (actual price)-2671-2538
Target (short-term): 2783-2920
Sell (long-term): 2977-2995-3098+
Stoploss: 2460
Medium risk
Trade safe, we're not advertising our telegram anymore on our analysis as we lost 400 reputation over one night.
FTTBTC Buy SignalPattern: Channel Up on 1D.
Signal: Bullish once the price touches the 1D MA50 again on a Higher Low.
Target: 0.000222 (Resistance).