FTX Token Analyze (Road Map)!!!🗺️FTX Token runs in the last wave of a Double Zigzag Correction (Wave Y). I expect it to complete microwave B of main wave Y near the Resistance Zone.
FTX Token Analyze ( FTTUSDT ) Timeframe Daily⏰ (Log Scale)
Where can the end of a Double Zigzag Correction ❗️❓
🎯Target🎯: 23.3$ until 18.2$
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Ftxtoken
FTX token FTT is an FTX exchange token and has many usecases on the exchange, just like any other such token: burning tokens for a 1/3 of exchange revenue, discounts on fees for holders, use in various exchange activities, also institutions and investors pay expenses in FTT tokens by purchasing a "white" version of the FTX OTC portal and futures market. In a sense, betting on FTT on par with Solana is betting on Sam's success in the crypto industry. And so far SBF is succeeding in it - FTX is now one of the top 3 exchanges in terms of volume. In terms of tech - there is a lot of liquidity support behind the token, and I don't think it will be allowed to drop much, it is holding up well on this fire, just like all crypto exchanges tokens. As previously reported, Sam Bankman-Fried is willing to give $1 billion to support crypto projects = buy them at low prices = possible further development of the exchange and with it FTT price growth. We are now approaching $21-24 support, it would make sense to break that support and gather liquidity, so it would be prudent to wait for a drop to $16-18 for long-term buying, but to reassure, I would wait for a breakdown of the downtrend line and return above $22, because there is a possibility that after support we may see a sharp squeeze down, as we have seen before (-50% for 1 week as in May 2021).
What a base on FTX! 2 targets inside🚀Hi friends! Another crypto giant creates a huge base (or accumulation range) to skyrocket soon!
More about the base were in this idea! Check it to get more experience in trading.
Now FTX inside in the triangle and queeze to the top boundary. It`s a bullish signal but almost all altcoin depends on BTC. If BTC will break the 25k and move to 27-28k FTX is easilly reach this targets:
1. $38.5-40 - the closest value area and resitance for the price
2. $48.5 - the key level and reversal point
🚩 The big players (whales) accumulate FTX at the bottom as we can see at the chart.
📊 Here are the preconditions to open a long:
🔥 suqeeze to the trendline
🔥 whales orders to buy which DOM and Footprint indicators show
🔥 possible trap (shake out) to collect long traders sl
🔥 bullish BTC help FTX to reach all the targets
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
FTTUSDT Breakout Confirmed! FTTUSDT technical analysis update
FTTUSDT currently trading at 29.40, the price moving above the resistance zone after 2 months of consolidation and 200EMA and 100 EMA crossed in 4h chart, I'm expecting a good up move in FTT.
Buy zone: $29.00 - $29.80
Stop loss : $27.00
Target 1 : $31.50
Target 2 : $33.80
Target 3 : $37.00
Swing trade setup
Always keep stop loss
FTT - FTX Token LongFTT is at the important zone now in the daily timeframe. The price has been falling about 70% from ATH, while this drop is 90% or more for most altcoins.
Additionally, it has a double bottom and almost a higher low in the lower time frames, so it seems to be good to buy for the mid-term and long-term at these prices.
FTT FTX- Fundamental strong token that is backed by a working company.
-They don't compete for L1 place or usability, speed, etc. Just revenue.
=> On the chart you see the RSI Daily moving inside a channel, leading us we should buy when it hits the lower boundaries.
=> We can expect a bounce from 19.3$ till 21$+
=> If BTC bombs below 18k and goes to 16.5k or lower, ftx might drop on all the Red support levels I've drawn.
=> Last support is 11-10$.
=> That is the absolute accummulation zone but I doubt it goes there. Only btc, eth and ftt are down 70% from ath, the rest of the top 100 coins are -85 and more, make your choice.
Thanks, cheers )
FTTUSD: $45 if this pattern plays out.Hello All. Looking at FTX on the daily timeframe we see a formation of a descending wedge pattern which is a bullish cart pattern.
We see that the price broke bullish out of the descending line of resistance and currently sits above the 21 day MA.
The price target for this bullish breakout sits at $40 which is a potential 45% move towards the upside.
The $40 price is also a psychological level and also the previous resistance; so keep an eye on.
Happy Sunday...
Thanks for reading, and stay tuned. Enjoy.
FTX Token Bullish Divergence (55%+ Mapped)We have a very strong bullish divergence with the MACD and RSI on the FTTUSDT chart.
Notice the recent descending channel on FTTUSDT.
Here is the MACD, ascending channel:
Here is the RSI:
And Dogecoin (DOGEUSDT) went ahead and started moving right away.
You can check also Cardano (ADAUSD), Comos (ATOMUSDT), Bitcoin (BTCUSD) & more by visiting my profile.
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Namaste.
FTX Token (FTT) Chart Analysis + Target & Support LevelsWe can see that FTTUSDT (FTX Token) managed to break above EMA10 on negligible volume... Which isn't really good but, once we have a bounce start to develop, we can see the counter-trendline being challenge, this is mapped on the chart.
We stay bullish above the "rising trendline".
We turn/switch/adapt to bearish below "support".
We aim at $35-$37 as bullish target on the next jump.
Namaste.
FTT bull caseFTX Token is trying to break out of this falling wedge (yellow) and may be forming Inverted Head and Shoulders🤷 on the Daily timeframe. If price breaks the falling wedge upper edge and then the Neckline I think there is chance for run to 68 and even higher. Actually in anticipation of this happening I'm already looking for buy signals on lower timeframe (2h) and I see another potential Inverted Head and Shoulders in the making:
Once the Neckline of this smaller iH&S (2h)☝️ is broken I will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above) as shown on the 2h TF picture.
ENTRY : Backtest of the broken Neckline (2h) @ 43.5
STOPLOSS (SL) : Right Shoulder (iH&S Daily) = Head (iH&S 2h) @ 37.3
TARGETS (TP) : Inverted H&S target projections @ 49.5 & 68
REWARD RISK RATIO (RRR) : 1 & 4
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FTT 4h resistance breakout + RSI DIVERGENCEa good 1D closure above the 4h resistance level , with this RSI bullish divergence would be a signal good enough for me to enter this with a good long which would see 48 (and 51) as targets
stop loss around 41
let me know what you think about this
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FTX Token FTTUSDT - Ascending triangle breaking out! New leg up- FTT token is very bullish on the higher time frames.
- Currently the price is breaking out of an ascending triangle - one of the most bullish patterns.
- Also we have a descending channel breakout, which indicates us bullish trend reversal.
- Next profit target is the all time high level, but in my opinion it will go much higher.
- The price is now finally above 200 daily moving average.
FTTUSDT, We completed ABCHello everyone
According to the chart and according to our last analysis we published the price made and completed all correction ave of ABC and its start their movement and rally but its very soon to say what will happen and the determine the symbol of 12345 .
As you can see that we shown a kind of route that we expect the price can go up and move like that.
If you wanna buy or take in position waith until the price break the channel and then you can take long position in pullback in lower time frame with a little stop loss.
Dont forget stop loss and observe capital management and first take signal then take in position and entrance in any.
Previous analysis :
Good Luck
Abtin