FTTUSDT.P trade ideas
FTX TokenPrice has continued to appreciate against 1D Mean, however the 4H mean has stayed within the channel and is showing good signs of maintaining momentum. Price is currently at a high value volume area and also the trendline.
Easy approach, a strong break and close below would not be ideal and suggest reversal. This would be possible due to BTC losing support above 47k, or a tweet.
Previous Analysis linked.
FTTUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in an upward trend. We have identified a buying area for you. For the above targets, if the price goes below the support line, we intend to fall, which is less likely
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
FTT pump?Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
FTT dense support areaRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
💡Don't miss the great buy opportunity in FTTUSD@FTX_Official
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (59.116).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 63.000
TP2= @ 65.730
TP3= @ 68.000
TP4= @ 71.220
TP5= @ 74.000
SL= Break below S2
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💡Don't miss the great buy opportunity in FTTUSD@FTX_Official
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (59.116).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 63.000
TP2= @ 65.730
TP3= @ 68.000
TP4= @ 71.220
TP5= @ 74.000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
WHAT IS FTT? NEXT 100$?What Is FTX Token (FTT)?
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.
The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement.
In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.
On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.
Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.
Who Are the Founders of FTX Token?
The FTX Token or FTT was founded by Sam Bankman-Fried and Gary Wang.
Sam Bankman-Fried is the co-founder and chief executive officer at FTX: Cryptocurrency Derivatives Exchange. He is also the CEO of Almeda Research and worked as a director of development at the Centre for Effective Altruism. He was also a trader at Jane Street Capital from 2014 to 2017.
Bankman-Fried studied physics and has a bachelor’s degree from the Massachusetts Institute of Technology.
Gary Wang is the co-founder and chief technology officer at FTX: Cryptocurrency Derivatives Exchange. He is also the chief technology officer at Almeda Research. Before this, he worked as a software engineer, after moving up from a software engineering intern at Google. He was also a software engineer intern at Facebook.
He has a Bachelor's degree in mathematics and computer science from the Massachusetts Institute of Technology.
What Makes FTX Token Unique?
FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.
As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.
How Many FTX Token (FTT) Coins Are There in Circulation?
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading with a focus on institutional-grade solutions.
The FTX Token is the backbone of the FTX ecosystem, which was designed to increase network effects and demand for FTT as well as decrease its circulating supply.
FTT has a circulating supply of around 94 million tokens as of February 2021 and a total supply of about 345 million.
How Is the FTX Token Network Secured?
FTT is an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage the FTT tokens via its Ethereum app.
Both the FTT and the leveraged tokens security audits are done by the Blockchain Consilium auditing firm.
Analysis Tecnichal
If we realize this is a zone of support at minimum points where a new rally tends to always start and break down. To look for a new support mostly 8 to 9 bearish candles are all these falls.
One FTT craze is that bears always tend to break the 20-day moving average lower, not so much a test, but after that it makes support and starts a new bullish rally. What a curious fact.
The RSI currently remains above the 63.4 area for a long time, it could indicate a slightly longer bullish or the beginning of a bearish to look for a test in the 50s. It is clear that with the fall of BTC it is most likely a test . Although FTT has a fomo due to being the best known Futures broker. Gaining a lot of popularity among high capital traders. (I include myself in this although personally I consider that the design of the website is strange).
The MACD is losing its bullish strength, a fall is more likely if we visualize this indicator, being on the scale 2, if the bears manage to pull the MACD lower. We could see for the first time a bearish rally or a side on FTT.
Currently due to the loss of bullish strength, I believe that we will be finding possible resistance in those areas.
Possibly at 1.618 Fib Channel is where we find that resistance to look for new support.
If we review the previous falls we could deduce a correction of 20%, Meh it doesn't hurt. Unless BTC is going to lose current bullish force to go lower I really highly doubt that we will have extremist losses. The MACD is not positive but if it breaks higher, we can be more sure, also that FTT has more cryptocurrencies from the #SOL network that is currently being a boom.
Based on this, we could consider possible supports these points 57-48.
Although as I mentioned, in a bearish scenario this will die. And it can start a somewhat long bearish rally. Although there are cryptocurrencies that despite the fall of BTC continued to rise, an example is #SOL, which was 1000% from our notice in the fall from 63k to 47k.
If we use Fib Retracement in the manner of speculation, not as a retracement, I already explained 1 to 0.
We could visualize a fall to 61.8% Fib or 23%. In case I take another little bullish rally.
We would have a long-term goal of 100 dollars, this is already fundamentally, FTX is gaining popularity in Market Share, although currently its reliability is little to believe, but they can hold it in Binance if they do not trust their platform. I invested in it for 5 usd, and really in the long term I see a lot of potential for it and I think it could easily pass any legal test. Currently their code is audited and everything, but I mean on the website issue, the design is quite complex for new traders.
In the hypothetical case that BTC suffers a retracement it is possible to start a bearish channel although FTT has supported the falls of BTC quite well, well that's it! Try to enter a fall!
Double top formation in fttAs you can see on the 1 day timeframe chart, ftt is making a double top pattern. If it goes down from the support level, it may crash 20% more.
FTTUSDT Long TradeFTT Continues to show strength with that 55 area holding as of now. 58 area should be broken ASAP for the near term strength to continue. Agg. entry anywhere above 56.50 area. Invalidation is below 55 & 1st targets at 70 & 86
FTTUSDT - 4 HFTT on it's way for a ATH breakout attempt ( on Binance )
For every new follower i will add a new idea :)
FTTUSDT 4H - Long PositionHey There,
As you can see clearly on the chart, you can set a long position. but as i said always you must have your strategy and risk management.
Be profitable!
BINANCE:FTTUSDT
FTTUSDT - 4 HFTT is testing horizontal resistance, the most likely scenario is that we will first set a HL before a break through.
For every new follower i will add a new idea :)
FTTUSDT 4H - WatchlistHey there,
Because the price has reached the bottom of the channel, I expect to see a good growth. According to the intersection of line DE and the top of the channel, this growth will continue up to the price of 68.5 tether. Notice it's just a prediction and It's up to you to have a good risk management as well as good strategy!
If you agree with me on this please don't forget like, and if not please comment below why. I will also try to share my best ideas with you.
have a good trade,
🔥 FTT Channel ContinuationFTT has been trading inside this channel for over a month now. With the most recent BTC sell-off, FTT fell towards the lower support of the channel. This trade is based on the idea that the channel will hold in the near future.
Obviously, this trade's success is highly correlated with Bitcoin's short term price action. In case BTC will fall further, FTT will fall through the channel. In case you are bullish on BTC, this might be a proper trade for you.
Happy trading!
FTXUSDT ASCENDING CHANNELFTX has found support at this bottom trendline of this ascending channel, and the horizontal support seems to be holding, waiting for confirmations on the 4hr timeframe before possibly playing a nice long from here.
💡 FTT/USDT💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
