$FTT FTT ftx 2 year consolidation between 0.9 - 2.8.... Uptrend?TSX:FTT Ftt Ftx consolidation has spanned from Nov. 2022 till now
A 2-year consolidation between price range 0.9-2.8
Current price: $3.1
My SuperAI just confirmed a super Uptrend on the 3day Timeframe.
A break out from this range will lead up to major resistance 5.5, 6.4
A continuous uptrend can lead up to $21
Invalidation of this #FTT idea is under $2.7
FTTUSDT
FTTUSDT %378 Daily Volume Spike FTTUSDT has recorded a 378% daily increase in trading volume.
To capitalize on this increase:
I will closely observe the price movement toward the blue boxes on the chart.
I will evaluate potential upward breakouts in lower time frames from these regions to identify entry opportunities.
This strategy allows for careful monitoring and reduces unnecessary risk.
Let me know if you want further edits or additions!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Ftx token ( FTT)Ftt usdt Daily analysis
Time frame 4hours
Risk rewards ratio >2.5 👈👌👈👈
First target 4.5 $
Second target 5.45 $
LS should have been chosen very close to the entry point (a little below the diagonal line), but in order not to be caught, I chose LS much lower, so that over time and as the price grows, I will also raise LS and make it risk-free.
Good news has also been heard in cyberspace about the new management of the FTX exchange, which is paying off its debts, and this is a positive sign for the future this currency and it is likely to return to its original position, the price range before the problems it had with the Binance exchange. (20-25$)
FTT is about to riseFrom the point where we placed the green arrow on the chart, it seems that FTT has initiated an ABC pattern or a more complex structure. Wave B also appears to be a triangle that is nearing completion.
We expect FTT to soon enter a major wave C.
As long as the green zone is maintained, it can pump toward the TPs.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FTT/USDT: Preparing for a Potential BreakoutFTT/USDT: Preparing for a Potential Breakout
FTT/USDT is forming an interesting setup as it approaches a critical resistance level. The price has been consolidating tightly, indicating that a breakout could be on the horizon. This could provide a good opportunity for those watching closely.
Key observations:
- FTT/USDT is testing a major resistance zone, which has previously acted as a barrier. If the price breaks above this level, it could lead to a significant bullish move.
- Momentum is building, as indicated by improving RSI and MACD trends.
- A noticeable increase in trading volume will likely confirm the breakout and show strong buyer interest.
How to approach this setup:
- Wait for a 4-hour or daily candle to close above the resistance to confirm the breakout.
- Look for a potential retest of the broken resistance as support before entering to minimize risk.
- Monitor volume; a breakout with low volume may not sustain.
- Set a stop-loss below the breakout level to manage risk effectively.
Potential targets:
- First target: .
- Second target: .
Always remember to follow your trading plan, manage your risk, and stay cautious of fake breakouts. This analysis is for educational purposes only and not financial advice. Always do your own research.
FTX Reorganization Plan Fuels $FTT Rally Amidst Positive OutlookFTX Trading Ltd., the embattled cryptocurrency exchange undergoing Chapter 11 bankruptcy proceedings, has announced significant progress toward its reorganization plan. With a target implementation date set for January 2025, this development has sparked renewed investor confidence, propelling the TSX:FTT token’s price upward by 13% in recent trading sessions.
Reorganization Milestones
FTX’s reorganization plan, approved by the Court, aims to facilitate creditor and customer distributions, marking a critical step in its recovery journey. Key updates include:
- Distribution Framework:
The initial distribution of recovered assets is expected to begin within 60 days of the plan’s enforcement.
- Global Access:
FTX has partnered with specialized distribution agents to ensure global customer access, requiring users to complete KYC verification and tax formalities.
- Timeline:
Final arrangements with distribution agents by December 2024.
Effective date announcement by the end of December.
Initial distributions set for early 2025, prioritizing holders of allowed claims in Convenience Classes.
FTX CEO John J. Ray III emphasized the importance of the timeline, stating, “We are full steam ahead to reach arrangements with our distribution agents and return proceeds to creditors and customers as quickly as possible.”
If successful, the reorganization plan could restore significant trust in FTX, potentially attracting a surge of new and returning investors.
Technical Analysis:
The promising update has significantly impacted the FTT token’s performance:
TSX:FTT has surged 13%, continuing to trade within a bullish zone.
The Relative Strength Index (RSI) at 66, indicates strong upward momentum without entering overbought territory, suggesting room for further growth. The token is trading above key moving averages, reinforcing its bullish trajectory.
The bullish sentiment is further supported by market speculation that FTX’s ability to reimburse creditors could lead to a renewed influx of investor interest, bolstering the exchange’s reputation and operational capacity.
Looking Ahead
FTT’s recent price surge serves as a beacon of hope for FTX’s recovery, reflecting market optimism about its ability to execute its reorganization plan effectively. If the exchange successfully meets its commitments, it could not only restore trust among affected customers but also reposition itself as a formidable player in the cryptocurrency landscape.
With the reorganization plan underway, TSX:FTT appears poised to continue its upward trajectory, solidifying its place as a key token to watch in the coming months. For investors, this may signal a unique opportunity to ride the wave of FTX’s potential resurgence.
FTT , FTX and SAM vs. CZPeter Brandt just post a head and shoulders pattern for FTT!! anyway...
in the hours before FTX secured rescue from Binance, it sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires. By midday Tuesday the hole appeared far deeper closer to $5 billion to $6 billion. SBF wrote in a message to staff sent on Tuesday morning, “in the last 72 hours, we’ve had roughly $6b of net withdrawals from FTX”. Withdrawals at FTX are “effectively paused”, he wrote, adding that would be resolved in “the near future”
targets 5 , 4 , 3
FTT/USDT Secondary trend. Wedge. Phase 3. 05 2024Logarithm. Time frame 3 days
Secondary trend. A descending wedge is being formed. Its breakthrough - reversal and price growth. Maybe another decline, take it into account in risk management. Globally, and perhaps medium urgently now acceptable prices for a position set, at least the first part of it. Preferably, on the breakout of the reversal level. Stops are very short now.
Linear, without slippage of the wedge formation boundary.
FTT - soon 9$ I was damn right. everything is exactly as I said before, it's just a perfectly worked out setup, it's not for nothing that I changed the name of the profile to trading view and made a lot of ideas about this coin, those who believed and looked at my charts were convinced of it.
I will be glad if you will comment my ideas and put a like under them. I did my best.
If the idea gets 100 likes, I will make a guide on where to sell and how to understand the distribution on the ftt so that you don't miss the exit point or sell too late. Last time I predicted exactly how the asset would spread and then roll, closing a 4 buck position I was holding with 1.4$. Now my target is 9 bucks.
My analysis is based on numerology, cycles and the cosmos.)
FTT is bearishFTT correction seems to be a diametric. Now it seems that wave D is over and price can enter wave E
From the red range, it can be rejected downwards.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You