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FTTUSD trade ideas

FTT/USDT - Potential 64% SetupHello Traders! FTT corrected together with the market, the price came to the buyers' interest zone of $34.60 - $41.90 After exiting from correction, it is possible to count on the high-grade rebound. We can consider an entry into the position in the range of $40.00 - $41.90 Closing of a position using a stop-loss can be considered in case of price leaving under the level of $33.00 The targers will be price levels of $54,00 $61,40 $65,75 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:FTTUSDLong
by UnknownUnicorn10064030
1
$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!
FTX:FTTUSDLong
by MarkStPeter
FTT looks clear for doubling in priceFTT has rallied then declined in a 5-3 Elliott wave pattern. In Elliott wave terms, when you have a five-wave advance followed by a three-wave decline, most times, it is followed by another five-wave advance. From June 2021 to the Sept 2021 high, prices rallied in a five-wave impulse pattern. Then from September 2021 to the December 2021 low, a three-wave corrective decline was displayed. There is market harmony within the decline as it reached the 78.6% retracement level on a non-log scale (shown above) and has reached the 61.8% retracement level on a log scale (not shown). Additionally, the three-wave setback was in equal wave fashion which is common in Elliott wave zigzag patterns. Bottom line, $FTT is ripe for a rally from current levels that carry up to $70 and possibly to a doubling of prices above $80. Though not expected, if prices move below the December 2021 low, then we'll need to reassess the Elliott wave pattern at play.
FTX:FTTUSDLong
by JWagnerFXTrader
1