Ftxexchange
FTX Exchange TokenBeautiful price action. Exchange token prices are directly linked to market sentiment and the success of their associated exchanges.
I'm bullish on this token but would want to find an entry at one of the supports below $40.
For now, this may have to be "The One That Got Away"
Until ... she comes back into the buy zone.
However, I could see this token shooting above $100 in the next rally. But greater returns can be found in other projects.
SRM BTC 1-Dhit 11.2k sats resistance last week and a retest of 9500 sats support now, perfect scenario to place buy bids
my first target would be the resistance zone of 11.2k sats followed by a move to 13.5k sats
srm btc 4-H$srm / $btc
4-h trend line showing signs of recovery there
EMA 100 just crossed through, i hope to see this movement continue till 200 EMA / resistance 10.8k sats and then try to flip it
FTTUSDT(1H CHART) Channel BreakoutFTTUSDT(1H CHART) Technical Analysis Update
Channel Breakout
FTT/USDT currently trading at $32.3
Buy-level: Above $32
Stop loss: Below $29.5
Target 1: $34
Target 2: $37
Target 3: $39
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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$FTX $DAWN Protocal setting up for a buying opportunity?Keep an eye on Dawn Protocal (DAWN). I have used the FTX 4hr Perpetual chart as this is the exchange i am trading on. For a more complete price history you can have a look at the code DAWNUSD from Bittrex or alternatively you can find it on coinmarketcap. Please note that pricing levels will change dependant on exchange used.
Looking at the chart, you can see that the token has managed to bounce off the major horizontal support level that has formed in the $5.20 to $5.50 range. In addition, we are witnessing bullish divergence on the MACD which has formed a higher low whilst price has made a new low - this is generally warning of a bullish move on the horizon and the potential end of the downtrend in price.
Look to buy a convincing horizontal break (and close) above the most recent horizontal swing high @ $6.43 which should hopefully set this token off to the races.
SRM BTC pair making I-H &S on 4-H chart & looks primed to moveSRM BTC pair making I-H &S on 4-H chart and looks primed to move
FTTUSDT will be able to correct up to 0.382 of this movement!?Technical analysis regarding the price of FTX TOKEN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
SUSHI LEADS THE WAY ?Hey everyone!
Hope y’all enjoy the weekend so far and get some healthy $SUSHI. Today you can see sushi on the daily bar chart. I have used the fib-extension tool which indicates potential future price levels, including fib-retracement levels too. As you can see right in front of the chart, we bounced nearly perfectly on every fib level before going to a new ATH. I am calling this a smooth trending. We are, however, in price discovery mode since $12. $SUSHI did break out from his bullish zig-zag consolidation and smashed right through the 1.618 fib extension level.
Sushi got listed on Coinbase a few days ago. All listings did many x’s from then on, since it is one of the largest exchanges when it comes to cryptocurrencies in case for normal people.
A retest to the old ATH at around $20 could be possible with the upcoming monday dumping happening, but it is not guaranteed. This, of course, should not be considered as financial advice.
Have a nice day.
Cheers lads and ladies!
FTT - FTX Exchange coin Feb/Mar 2021Entered a while ago and put it forward to you that FTT is one to hold (just as long as you have been holding Binance BNB).
With circulating supply of 94,346,958 FTT and a total supply of 345,219,294 FTT (5 million have been burnt to date).
"In addition, we will be repurchasing and burning tokens equal to:
a) 33% of all fees generated on FTX markets
b) 10% of net additions to the insurance fund ('Socialized Gains')
c) 5% of fees earned from other uses of the FTX platform
FTX will buy and burn every Monday starting on July 29th, 2019. The purchasing will happen on the FTX FTT/USD market at a pre-announced time of day; all tokens purchased will be burnt."
BNB went from $4 to $20 to $40 and then shot up to $100 and is resting at $140.
FTT can do it too.
Long HOLD
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SUSHI PRICE IS ABOUT TO RISE WELLIn my previous technical analysis, I noticed that I made a mistake.
Analyzing a project that is still very new on a logarithmic scale can cause errors. So when we convert the graphic to a geometric scale, a much smoother pattern emerges.
Sushi now; perhaps it may be the cheapest level to buy. It can be entered with 25% balance to reduce the risk.
FTT/USDTFollowing the acquisition of Blockfolio by FTX exchange and the announcement by both companies on the roll-out of trading capabilities on Blockfolio, the number of active users on FTX exchange is expected to increase from 200K-2M active users potential.
Blockfolio has +1M downloads on Android, assuming there are other 1M users with iPhones.
Conversion rate of 10% would put us on 200K users being added to FTX exchange, I expect a much higher conversion rate since Blockfolio users really love the app and are willing to try new things that blockfolio offers, I'm saying this as a marketing expert that has the ability to identify such user behaviors towards such applications, I've been Blockfolio users since early 2017 on daily basis.
The average buyback and burn rate on FTT in the last 10 buy backs has been doubled, from an average of 45K FTT to an average of 110K FTT - this is very logical since the industry has been growing fast with new users joining the crypto space.
Keeping in mind that the FTT price from 23.06-22.07 was in the range of: $3-$3.16 (looking at highs ONLY)
And since 22.07-25.08 the FTT price was in the range of: $3.16-$3.6
Conclusion: the number of active traders on FTX grew. (Without the upcoming push and release of the trading capabilities on BlockFolio).
To back up the above - looking at similarweb, FTX exchange has monthly visitors grew from 810K in February to 1.35M monthly visits in July (1.66X).
While 72% of the traffic is direct to FTX exchange - Strong brand and high daily active users.
I believe the trading volume as well doubled, but I'm having a hard time to pull the historical trading volume on CMC.
The above analysis leads me to the decision that FTT token could possibly push the price up further by the end of the year.
Currently the support lines are on 3.6USDT and 3.2USDT (going below 3.2USDT, means we might turn bearish)
FTT is testing a crucial support levelWe have a nice price action around 3000 sats as you can see on the chart. This was and continues to be a strong support area. Also, one more reason to be confident about this support level is because the same 3000 sats level is also the point of control for the VPVR. I expect a rebound from this area in the near future.
BTC long idea- price had a nice reaction off of 4H demand. It tagged it and had a very fast rally away from it.
- then it reclaimed monthly open which acted as a major support zone before and should have acted as resistance on the way back up
- the failure of this support-resistance-flip in itself can be a strong entry trigger
- long target will be the first trouble area in form of the lowest 4H close before the break down
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($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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BTCPERP - POP Strategy UpdateJust a quick update on my POP Strategy to keep informed about results. It closed last trade with +24.5% of profit and it opened short on May 3rd.
Nice close, 80% YTD. Not sure about that short, I think it's gonna be chopped.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
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