🚀 FTX coin $FTT to $6 up for some jaw dropping action? 🚀Hey everyone, today we're diving into the price chart of Sam Bankman Freud linked FTX coin BINANCE:FTTUSDT and let me tell you something, the charts are buzzing!
Just a quick few stats before we get to the good stuff. FTX a coin which at one point was regarded by many as a "Blue Chip" coin, rivaling the likes of Binance-linked coin BNB and other heavy-weights is currently sitting with a Fully Diluted Valuation (FDV) of $823 million placing it many positions away from the top 20 leagues it once occupied.
A huge chunk of the price losses that the coin suffered can be traced back to the collapse of FTX exchange and the arrest of the founder. However with the recent move to compensate or allow users to recover the funds that they lost in the debacle it's looking like the exchange is preparing for a major comeback.
**📈 The Chart: Cup and Handle Glory 📈**
Alright, enough of that let's talk technicals! We've got a Cup and Handle formation on the TSX:FTT chart that's as clear as day. You can see it below
Another interesting thing for me with this chart is the handle bit of the cup and handle. It's not just any handle we're seeing— the handle formed from a falling wedge, which for you chart enthusiasts out there know is a MEGA bullish signal that The Blue Investor can never ignore.
**🔍 The Double Bottom Dance 🔍**
Now, let's rewind a bit. A few months ago in January TSX:FTT retested the neckline of a previous double bottom from 2023. In my mind, that was not just a bounce, folks—that's a trampoline leap showing us that TSX:FTT has the legs to jump higher!
Following the bullish breakout from the falling wedge, if this bullish momentum is sustained at the least we can expect the market to push price to $3.20 to complete an AB=CD for the CnH.
At the time of writingwe're sitting at $2.50, a push to $3.21 would be a 30% gain in the spot price. Beyond that, I'll be looking at—$5.50, and for the moonshooters, a jaw-dropping $21.98! These aren't just hopeful dots on a chart; they're calculated destinations based on pure, unadulterated price action.
**🌟 The Rally Cry: Why TSX:FTT Deserves Your Attention 🌟**
In the last 7, 14, and 30 days, TSX:FTT has been on a tear, posting gains of 44% and 46%. That's a green flag waving us towards opportunity.
So, whether you're here for the thrill of the trade or the long-term play, I think KUCOIN:FTTUSDT is a token that deserves your screen time. With technicals that are as compelling as the plot of a blockbuster movie, this is one asset you'll want to keep on your radar over the next few months, you can thank me later!
Remember, in the crypto game, timing is everything, and the TSX:FTT chart is screaming 'now or never.' So, keep those eyes peeled, those minds sharp, and your strategies ready.
And that's a wrap for this trade idea! If you found value in this analysis you already know what to do. Until next time, keep those trades smart and your investments smarter!
(Disclaimer: This content is for educational and entertainment purposes only. Not financial advice. Do your own research and consult your financial advisor before making any financial decisions.)
FTTUSDT
rocket iz ready, bie da ticket nowits been a while, BUT itz no time to explain my greedy friends - just look at this MR.T
and dont miss da chance to buy LATS LASTLOW price u see before bullrun
buie in area 4, sell at x10 or kinda, after ATH perhaps.
ma advice, no thanks, just click the rocket button if u UNDERSTAND zi idea. DO NOT, if u just liked it.
bue.
..
i mean BYE.
..
B U Y~!
FTT/USDT Local trend (Binance trimmed chart) 30 11 2023Logarithm. Time frame 1 day. On the chart I put a screenshot of the missing part of the Binance chart from my closed learning/work idea on this coin, which I have been trading for almost a year (published 5 01 2023).
In those 11 months, 47 local work updates .
FTT/USD Super Risk - Super Profit. FTT hearing dates
Manipulation . On the one hand the Binance exchange is not cheating, because trading was actually stopped on November 15, 2022 of this FTT/USDT trading pair and re-launched on September 22, 2023. Left on this exchange was the FTT/BUSD trading pair that was recently delisted, with the entire chart history (emphasis mine).
A person looking at the chart for the first time would not see this clever, honest forgery on it. That is, no price chart and a pump/dump of a horizontal channel with a 237% pitch and a duration of exactly 311 days, and 3 significant pump ups in that channel range. This is a 4 and possibly an exit from it, at least this triangle is formed above its resistance.
It is worth noting that if you now decide to work with this coin, remember that the price is now at +263% of the average price of the local set. Therefore, limit your risks.
Linear of this zone looks like this .
FTT update 04feb24SOOO... it iz a great manipulation through da newz, its so unhonest imo, bot it workz.
price goez down (and I lost some also, damn) and we are now in buyin' area.
Consider the structure, I can count two optionz:
FIRST iz a red numbaz, AKAI in japanese :) diagonal+WXY+diagonal\impulse. Its not looks like an Impulse, so I suggest Endin' Diagonal.
SECOND iz yellow and backup variant, zigzag with Triangle (in that way I need to recount Wave (A), but its possible to make an multiple ZIGZAG there.
thrid also iz here, az always - its a scam and we all die) but I hardly doubt it.
OH YEAH BTW - coz Wave (3) was extended, correction till Wave 4.of.(1) iz possible (green line)
AND yeaa -we need some divergence on high timeframe (4h+) to be sure that option 3 will not work :)
FTT UPDATE 18jan24well hi there my greedy friendz!
just quick update and idea
in general, I watched the cartoon Gintama (I love anime, yeah) and glanced at the FTT chart and, as in Japanese animation, saw an interesting twist:
FIRSTLY,
adhering to the old plan, we are in the Wave B of ABC correction and its a Mr.T, az I can see at MACD and RSI indicatosz behavior. Now Mr.T. is being formed with an exit upwards, after which we will go down to buy zone (preferably)
SECONDLY
as a backup plan, the correction could have already been completed and we are growing upwards through the Zigzags of the Leadin' diagonal (no matter ZZ or DZZ) - and its BAAAD COZ I WAS THE GREEDIEST PERSON I ADMIT AAAGGGHHH - my entry iz about 3.5 damn it!!! breathing heavily
THERE IZ A THIRD OPTION actually - look clearly and boost if u find it
so, well, as Elliot bequeathed, don't wishful thinking, analyze the structure- that's what I'm going to do. Orange color - ALT count.
Ideaz are clear, will see what will be next, untill then
TAP DA BUTTON if u UNDERSTAND what I mean
or
spare some coin in signature if u don't :) - I will eat at least
FTT/USDT bullish momentum From demand? 👀🚀FTX Today Analysis💎 Paradisers, direct your attention to #FTTUSDT, currently nestled in a demand zone and brimming with potential for a bullish upheaval.
💎 Amidst the market's ebb and flow, #FTXTOKEN recently grappled with resistance at $3.3487, sparking a liquidity rush above this level, which then spiraled into a steep decline. However, the tide seems to be turning, with #FTT garnering bullish strength in the demand zone at $2.9298. Should it robustly anchor itself above this level, we could witness a spirited ascent, eyeing the ambitious supply zone target at $4.7940.
💎 On the flip side, if #FTT finds itself wrestling to stay afloat above the $2.9298 demand mark, it's time for a tactical pivot. We might then set our sights on a bullish resurgence from a strategic lower foothold at $2.7099. Keep a keen eye here, as a slip beneath this point could unfurl the sails for a significant descent, steering the #FTT journey into deeper waters.
FTT Long - But not yet - look for the right entry!We can see in the 4h Chart, FTT is in an downtrend. On the daily chart i dont see today not an uptrend or something like that.
i think we drop to 2.9 - 3.1 before a next pump is going on.
So stay tuned for in the next 2 weeks for the right entry on the lower levels (M1 and M2).
Entry from 2.9 - 3.1 or maybe a little bit lower to our 800 Ema 2.7. (To soon to say it right)
Then we can go up to 8$ easy and more, but i will make an update to this chart when its starting!
FTT update 12/12/23: fresh look at old @#$@at old COIN ofcourse :) but u got the point
ANYWAY, thanks to mr. @Anoinvest
I decided to look at the question from the other side and weigh the pros and cons arguments of the bullish scenario for FTT.
pros: bullish mood, falling dominance of bitcoin, ETH in correction (ending diagonal).
cons: 1dft divergence on FTT, too weak leadin' diagonal, very short Wave 4 of (1).
there are two options here now:
1. bullish. the major correction iz over, C of 2 iz placed and there be no more prise for 2$ for FTT, rocket iz launched. All we can do is buy on the correction in zone I (and the minimal target of this correction iz complited) it CAN the price may go lower, but it MUST not
2. bearish. My older opinion, number II zone.
I will buy some based on option 1. and will buy more IF it reaches 2$.
if u are homeless... just... buy a house... mneeeh
FTT update 27.12.23: The #*i@ originDo you know what I dislike the most? Corrections. These tricky zigzags, abstruse combinations and treacherously dangerous variations 1-2.
Especially when the market seems bullish.
More than that, I don't like all kinds of influencers, with subscribers of 5,000+ people, who interfere with rational thinking. Actually, this time it turned out that way (last time I listened to the "expert" from BIG TIME(you can see this in my post about bigtime)). They throw you off the right course and it's annoying.
BUT that's enough, I'm going back to the basics.
if you follow my FT review, you may have noticed that I considered 2 options: bullish and correction to the $2 zone. I'm coming back to this idea, a $2 correction, through a FLAT. Look at the graph, you can see everything there. do the math yourself, if you know Elliott's theory. If not, then follow the drawing.
The attractive madness of the ancients is growing and their voices are being heard more and more vividly in the mouths of hamsters. I'm buying an alts, they say. We'll see.
I also bought and will buy more, but... below :)
PEACE! WAR! Neutrality!
FTT UPDATE 15-12-23 same old songit was a music group Pain I guess and one of their songs was song "same old song". Texted by Richard Song and Michel Wong I dunno, its all madness what u read :)
ANYWAY
I figured out that we now in Option I, we continue correction into Wave C witch(which) will be an Endin' Diagonal.
All on da chart, just look and be greedy in right time:)
and remember - red goz fasta
FTX Estate Submits Proposal to End BankruptcyThe estate of FTX, the collapsed crypto enterprise, has submitted a proposal to end bankruptcy with a Delaware court. The proposal aims to prioritize creditor and customer claims and calculate the value of claims based on asset prices at the time of the company's bankruptcy filing. The estate intends to "maximize and efficiently distribute value to all creditors."
🔥FTX RESTART CAN SEND THE TOKEN TO NEW HIGHSThe first wave of FTT growth begins on the news about the exchange relaunch. I bought this altcoin at $1 and wrote about it here.
The second wave of growth could start on the news about Binance regulation and upcoming FTX relaunch.
💥 The targets are on chart!
like❤️ and follow
MY FIRST IDEA ABOUT FTX Token. The FTT/BUSD pair was delated and I can't make an update of the idea. Check it!