Ftxtoken
FTX TOKEN - Will Sam get Fried?FTX Token is at a pivotal point where a small move either way could determine the next moves.
Bullish - As Binance is blocking more and more regions every week, customers affected must find another exchange which is where the FTX exchange comes in. If enough customers come on to FTX exchange, it could surge the price for the FTX Token.
A break above the 61 level would confirm that the bullish outlook.
Bearish - From a technical standpoint, we can see that there's a head and shoulders formation at play. For it to be a confirmed head and shoulders pattern, price needs to break the neckline.
Will be watching this one closely!
Time to go, TP 70.6Following 4h graph.
Broke and got confirmation for the descending line, now it's time to go.
We also got an RSI confirmation.
TP1 59.5
TP2 64
TP3 70.5
SL 48.7
#FTT overview 1DAfter hitting exactly 1.272 extension on the first bullish move, currently bouncing from the 0.382 fib retracement level and heading towards the critical level of 62$.
In the worst scenario we an continue correcting towards 0.5 or 0.618 fib levels ,respectively 43-36$ levels, which would give chances to load our bags for the next big swing long waiting us. I believe 1.618 levels or 120$ will be reached soon.
FTTUSD going down to next supportFTT token is my fav of the utility tokens. Over the past few days, it held support levels around $60.
With that broken, I see the next support level to $52 almost matches the fib level here.
The market is very choppy and indecisive for me, so I am just placing my limit orders at $52 and patiently waiting.
(Disclaimer - not financial advice)
$FTT to $50 to grab liquidity$FTT may need to come down to $50 to grab some liquidity since 3 drive wedge is completed. Once we clear small range just above midrange we may test prior ATH and then very fast to OB. Those trending gap candles in context must be filled before continuation.
Invalidation: ATH
$FTT - should go searching for ATH end of this weekYesterdays dump took us into a D OB
Today we came and sweeped the wick low yesterday
Now we have got above the H1 up candle - the BKR - the breaker - that caused the sweep, and retesting it as support!
Missed limit entry at top of breaker - wasn't at PC
Market longed - aiming for -0.236 fib of H12 range confluent with around $90 - psychological level
Don't let me down SAM
Sam Bankman : Hold my FTT !Salve , long time no see
today I'm gonna talk about FTT token. FTT is FTX's exchange token
Holders get a fraction of exchange fees, a fraction of the liquidation insurance fund, and can use the token as collateral and to get tighter OTC spreads on FTX.
If you missed BNB at 60 you better don't miss FTT and you better HODL it too.
Targets 65 - 70 - 75 - 80 - 90 - 99
Stop-loss 55 - 50
what do you think about the future of FTX exchange?
what chart you like to see for our next idea?
#ftt FTX token, new leg up!It's a gem for next bull ran. We have Massive ressistance at 54$, after breaking ftt will have moon bang.
Also bullish triangle.
Globally waiting for 200$ and 600$ per #FTT. SL only after closing 4h candle under 44$.
Risk under your control.
Sorry my old idea was inactivated, because i published for russian language(((((
FTT|USDT💱Hey hey my friends👋
Last post of FTT is still valid if you took that trade, a new range has formed here, look to either DCA your position along the bottom range or enter here if you missed the first call, otherwise the breakout and re-test are solid ideas to wait for also
Super undervalued exchange token also IMO
$FTT is ready for bounceFTX token is going to lead the uponly market for the second half of 2021:
- Inside (reversal) candle on monthly chart
- Bounced off 0.705 Fib level (retest completed)
- Inverted head and shoulders pattern in play
- Measured move to take FTT to double top ($60) and then to $120 by end of year
Invalidation: close below previous swing low