FTX
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.
$FTT / USD seeing similarities that may be enough to push to $51Hello Traders,
FTT is setting up possibly for a move to the $51-$53 range after flashing similar signals.
RSI bounce off of the 30 range, double bounce off of the trend line, and decreasing volume.
Social sentiment is also positive. As well as a lot of outflow from exchanges.
As we all know FTX is ran by SBF, sometimes it pays to invest in the ones running the company. (This should always be in your investment strategy).
Setting a stop-loss at the $35-$34, and take profits at $49, $51, & $53.
And this is not financial advice.
Good luck!
FTT HTF uptrend - new ATH possible ?I was looking at FTT chart from HTF perspective and I could not unsee the similarities I saw in the beginning of the uptrend. We can clearly see HHs and HLs which confirm the uptrend but if you watch the double retest of trendline with EMA 12/21 crossing up - it started a huge move upwards to the new ATH. All I am saying is that it is looking like the trend line is gonna get double retested again and EMA 12/21 is on the verge of crossing up. I am gonna be closely watching FTT and if the 2nd retest of trend line holds (could be also wick to range low - $35), there is only one destination - somewhere up - possibly new ATH.
From LTF perspective, FTT is tradable within range $35 - $61 - buy low, sell high (take profit around mid range already imo :) )
Long or short, up to youOn daily chart, we have the complete impulse wave at $85.
Easily, we can see FTX:FTTUSD which has been going down to $36 and pull back.
Why not the correction wave ABC, because wave C is over 1.236 Fib wave A. So that is the third wave.
Conclusion, we are waiting for the fourth and fifth wave.
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Open long order or short order, up to you.
Wait and see!
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Long OKB for Full cup and Handle Pattern OKB has full formed a curve for the cup pattern, retesting previous resistance as support near the 29.9-30 levels.
Now we use the fib levels to extend for a TP target at 1.618 level at 39.39
We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level
Volumes also show buyers trying to break the 33 resistance level, with at least 6 touches already on the 1H
MACD crossing over to upside with momentum.
TP 39.397
SL 20.0895
Very favorable RR 2.56