FTX
FTX, does history really repeat? (FTTUSDT)FTT was trading in a descending channel since its ATH (~86) which it reached in September 2021. Recently, it has broken out of this channel and here we hypothesise an ascending channel.
From analysing FTT’s previous pattern where it formed an ascending channel it seems that this could occur once again. This idea is that FTT will continue to trade in this channel for the near term. The initial resistances within the channel are at ~51 and ~61. If BTC continues to move up, FTT can flip these resistances into support.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
🔥 FTT Killing It: Back To Former Glory?Ever since bottoming around $34, FTT has seen a massive influx of buyers. What I'm assuming is that investors are trying to front-run another impulse wave.
FTT is an interesting coin for that matter, since the impulse waves come as fast as they go, and the gains can vary from +200%-+500%. Interested to see whether we're getting another impulse wave.
Shorter-term targets are placed at recent tops.
Happy trading!
FTT - Range or PushHello,
Disclamer : This is not investment advice
We are on oblique resistance Works 2 time.
My strategy : It is possible that we come to the reloading area of the old rise. I wait the 38.2/38.4 to buy and add stop-losse under the previous bottom at 33.10
the momentum and Williams say it is possible to go bottom and rise after.
KAVA Correction Incoming?KAVA (KAVAPERP) has had quite a run up in the last +7 days, of around 45%.
Once again it has reached the top of the channel and is right in the Golden Pocket of Fibonacci Extension.
Taking into account that it's the weekend and confluence between Channel top and Golden Pocket, I expect a mild correction.
If the price breaks below 0.618:
First Target is 0.5 (~5.25)
Second Target 0.382 (~5.10)
Third Target 0.236 (~4.92)
When in trade I keep to a strict Risk Management plan and keep an eye on BTC.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
FTX:KAVAPERP
BINANCE:KAVAUSDTPERP
Bullish Divergence on FTT!This chart is in the linear form! However, FTT just broke bearish trend line in the candlestick chart.
If we close the daily above that trendline, We can expect FTT to target higher prices.
Next targets:
$48, $53 and $59.
Let me know what you think. Please follow me and like this post!
Huobi token in the last months of the bear marketThe Huobi token against the dollar, in my opinion, is at the end of the bear market stage, and this is due to the expansionary policy of the US Federal Reserve and the contractionary policy of the Huobi token.
also, the heikin ashi candles on the monthly level show weakness in the downtrend
in my opinuon the new bottum for huobi token will not be less than 7.20
I am not a financial expert and I do not understand economics or investment matters
this is not a financial recommendation
🔥 FTT Bearish Break OutFTT has been on a strong losing streak since it hit the all-time high last September.
With FTT falling through the last strong support, there's little holding FTT back from dropping any further. To reinforce my bearish bias, I think it would be ideal for FTT to re-test the prior support and turn it into resistance.
Long-term bear target would be the lows from the summer-21 bear market.
FTT vs USDT ---LONG---05.01.22The coin of the FTX exchange indicated a potentially promising structure for growth.
From December 17, you can see an impulse that resembles a leading diagonal, which in turn can be, like wave A in the correctional structure of the ABC (this scenario is marked in red), but also this leading diagonal can only be wave "one" in a more significant impulse of five waves (this scenario is marked in black)
Also worth noting is the significant supply or resistance zone, which is around $ 50 (marked grey).
In the case of a positive scenario, the price will hold above this area, in the case of the scenario marked in red, the price will not be able to hold above this area.
If the price holds below the local minimum of $ 36 (marked with a red tick), both of these scenarios will be irrelevant in the form in which they are indicated at the moment.
Total:
If you are negative about FTT then you can try to look for short positions in the area marked with gray.
If you are positive, you can try to pick up an upward movement within the C wave or an even more significant higher-order impulse.
FTM/USDT Shorting this liquidity grabFTM has reached resistance, invalidation at ~ $2.95. This is caused by hype on social media and you can make money by shorting this in this zone right now.
Make sure not to overleverage as the value of the coin is small and the volatility & market cap require you to have a good plan and breathing space in order to execute this trade right.