#FTT to $164 | FTTUSD #FTXHello Padawans,
First of all, I request you guys, do not take this analysis as a piece of financial advice,
DO MORE RESEARCH, DO MORE ANALYSIS!!!
FTT is a good project to me, FTT is a token that serves as the backbone of the FTX ecosystem. The token is intricately designed to increase network effects and demands for the token, while also helping to decrease its circulating supply. #FTT to FTX, looks like #BNB to #BInance.
This is a small analysis,
I tried to figure out some patterns,
I placed the fib, and later I have got those results.
Extensions
261.8% 164.2616
200% 138.25
161.8% 122.1716
138.2% 112.2384
100% 96.16
61.8% 80.0816
50% 75.115
38.2% 70.1484
23.6% 64.0032
Let's see what will happen in cryptoverse.
To FTT to reach $160 BTC should stay above $65000 level(Its ATH).
Cheers guys.
May the force be with you.
FTTUSD trade ideas
FTT Ready?FTT is one of my favourite altcoins, with a great future ahead. Now looking short term FTT is approaching the resistance after a series of higher lows creating a triangle. It might have one last rejection at the resistance before breaking it in the next 1-2 days. 25% profit ahead reaching the old ATH and probably temporarily violating it reaching $63. Bullish signs of a possible successful breakout are:
- Bullish engulfing in the last support
- VMA providing momentum and support on the breakout
- bullish cross on the Stoch RSI (daily)
Wait for a breakout for a safe entry with a stop loss below the last low (aggressive)
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If you have any questions feel free to ask.
FTT 4H looks like wyckoff - might dump if bitcoins go downFTT 4H looks like wyckoff - might dump if bitcoins go down
currently BTC hogging 44K as support for the 3rd time in the last week or two
if this will switch to Resistance FTT will probably dump to shake out weak hands - and then bounce to the sky like SOL
$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
FTT/USDT - potential 200% long term setup Hello, Traders!
FTT has a strong fundamental component and is a good option for a long-term portfolio.
The market maker is holding the price at March levels and buying out sales, which could indicate intentions to continue the business cycle if market conditions are right.
To reduce risk, the position should be broken into 3 parts and bought up in case of a correction :
20% of volume in the range $25.40 - $28.20
30% of volume in the range of $19.90 - $22.65
50% of volume in the range $13.95 - $16.50
Stop Loss range would be $8.50 - $10.75
Buy targets will be price levels of
$41,90
$54,00
$61,40
Risk/profit ratio above 3 ✅
Good Luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice