FTT Looking at Bullish Leg UpFTT is currently in a bearish cypher pattern but still needs to complete the pattern by finishing leg D up.
Bullish Divergence on 4hr and 6hr - Highlighted by dashed green lines
Both buy zones offer a major discount and sit in very bullsih previous blocks - Both in Blue
Great risk to reward - See Long
Set you stoplight even tighter if you wish for an even safer trade - If zone 2 breaks you could have you stop just below to limit loss
On this coin remember the exchange it's associated with - FTX
FTTUSDT trade ideas
FTT/USDT Ready to Resume its Bullish Journey? 👀🚀 FTT Analysis💎Paradisers, keep an eye on #FTTUSDT. It’s at a key point, testing the support at $1.65. If it keeps going up, we could see a price jump.
💎The first resistance target is at $2.39 for the FTT. If the asset manages to Break this level it could lead to even bigger gains.
💎If #FTXToken starts to drop at this support level, we’re ready for a bounce back from a deeper support at $1.40. This area is known for its high trading volume and has often led to big upward moves for $FTT.
💎If the price falls below this extra support level, it could mean a shift to a bearish market, with more selling. Stay alert and flexible as we follow the changes in the #FTT market.
Disclaimer : The token, #FTT, is associated with the FTX exchange. Please proceed with caution and conduct thorough research before trading.
Prepare the worst $FTT #FTTThe coin has a market cap of $612,793,254, a huge amount for a coin that is completely dead and has no community at all.
However, because Bitcoin is rising, it is likely that this coin will survive, but when Bitcoin experiences a correction, this coin will suffer greatly. nothing can save this coin!
FTX Founder Sam Bankman-Fried Sentenced to 25 yearsIn a shocking turn of events, cryptocurrency mogul Sam Bankman-Fried, the founder of FTX, has been handed a hefty 25-year prison sentence for charges including fraud and money laundering. The sentencing, delivered by Judge Lewis A. Kaplan in Manhattan federal court, marks a dramatic chapter in the saga of FTX's downfall.
Witness testimonies during the trial painted a grim picture of FTX's inner workings, revealing a culture of risky financial practices and lax oversight. These revelations, coupled with damning evidence presented by prosecutors, led to Bankman-Fried's conviction on seven charges, sealing his fate for the next quarter-century.
Prior to sentencing, Bankman-Fried offered a heartfelt apology to those affected by FTX's collapse, acknowledging the profound loss of trust and financial devastation endured by customers, investors, and employees alike. However, his apology could not sway the court from holding him accountable for his role in the debacle.
The fallout from Bankman-Fried's sentencing extends far beyond the courtroom, sparking debates about the need for tighter regulatory oversight in the cryptocurrency industry. Many see this case as a cautionary tale, highlighting the potential risks inherent in unregulated financial markets.
As FTX grapples with bankruptcy proceedings to recover lost funds and compensate creditors, the broader cryptocurrency community faces a reckoning. The episode serves as a stark reminder of the importance of transparency, accountability, and regulatory scrutiny in safeguarding investors and preserving trust in the digital asset landscape. But the question remains is there hope for TSX:FTT ?
As regards the sentencing, the TSX:FTT token plummets by 4.72% trading below its respective moving averages. With a weak Relative Strength Index (RSI) of 45.
Alikze »» FTT | Completing the last corrective legIn the daily and weekly time, after a deep correction, it recovered a full movement cycle and then corrected the previous wave in the form of a double correction of 0.23 fibo. It is currently completing the microwaves, wave 2 of 3.
🔰 Therefore, I expect that no new floor will be created in the first phase.
🔰 In the second phase, this movement can continue its growth at least up to the range of 4.74. If it can break the first target, this ascending wave 3 or C will have the ability to reach the resistance targets specified on the chart.
However, moving up to Fibo 1.618 can move the important supply area and the beginning of a deep correction.
⚠️ In addition, if it penetrates and stabilizes below Fibo 0.23, this movement scenario will be invalid.
🟩Sup:1.50
⛳️Tp1 : 4.74
⛳️Tp2 : 9.16
⛳️Tp3 : 20.84
⛳️Tp4 : 29.52
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FTT may moon on the 28. MayCrypto narrative for higher prices can be anything. Sam Bankman-Fried's court hearing or sentencing is on the 28. of March.
We can expect a mediocre pump, starting a day before the official hearing into the morning, when the case officially opens.
Perpetuals for FTT are available on MEXC.
If done correctly, good profit is on the table.
This is big news, it will get a lot of people looking at FTT Token.
FTT: trade in renge📊Analysis by AhmadArz:
🔍Entry: 1.84
🛑Stop Loss: 1.72
🎯Take Profit: 1.95-2.05
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
THE BIG SHORTS $FTTBinance has apparently started filtering out coins it feels are worthy of delisting. and FTT itself is rumored to be abandoned, and of course there will be the potential for a liquidity exit, an example of which is MULTI. this is an opportunity to short. You can open positions at 3 different levels. good luck!
FTT rally within the next 48 hours! Everything looks set for FTX to pop out of the current $2.60 region to reclaim $3 and possibly higher. Few days ago I shared my larger time frame analysis which sees the price of FTX coin BINANCE:FTTUSDT going all the way back above $6.
Today, I’m looking at the lower timeframes and I think the opportunity is present for traders to nibble some profits as the price moves up. 24 hour trading volume has gone up for the trading pair and I expect this to continue trending upwards.
The main threat I can see to this playing out is if we see an unexpected dip in the market leader, Bitcoin BITSTAMP:BTCUSD over the course of this play.
(If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking FTT is headed and what coins I can look at next)
FTT on the Horizon: Market Analysis and ProjectionsTechnical Analysis Overview
Current Price : $3.7605
Weekly Trend : A decrease of 27.10%, indicating recent bearish sentiment.
1-Month Trend : An increase of 8.98%, showing some recovery.
6-Month and Yearly Trends : Impressive growth of 289.95% and 260.09%, respectively, highlighting a strong bullish trend in the medium to long term.
Advanced Technical Indicators
Relative Strength Index (RSI) : Approaching overbought territory, signaling a potential reversal or consolidation in the short term.
Moving Average Convergence Divergence (MACD) : Suggests a bullish crossover, indicating strong buying momentum.
Chart Patterns and Analysis
Bullish Triangle Pattern : Indicating a potential breakout and continuation of the uptrend.
Falling Wedge Patterns : Multiple patterns suggest a diminishing selling pressure and a possible trend reversal.
Unique Insights
Potential for a Major Rally : Analysts have identified key levels for a potential 10x payout, suggesting that FTT might be gearing up for a significant rally.
Impact of External News : News flow and external events, such as regulatory changes or developments within the FTX ecosystem, can have a substantial impact on FTT's price.
Keeping an eye on these factors is crucial for understanding potential market movements.
Market Sentiment and External Factors
Market Capitalization : $1.234B USD.
Trading Volume Analysis : High trading volume of $191.331M USD with a significant volume/market cap ratio.
Recent News Coverage Impacting FTT
FTX Trading and FTX Digital Markets Settlement ( PYMNTS.com ): A unified approach to valuing customer claims could impact FTT's valuation and distribution.
Valuation Rules Set by FTX and Bahamas Liquidators ( Bloomberg.com ): Crucial for determining the valuation of FTT in bankruptcy proceedings.
Unified Asset Distribution Deal ( CryptoSlate ): Streamlining the asset distribution process within the FTX ecosystem.
FTX's Bankruptcy Exit Plan ( Banking Dive ): Involves valuing assets at their November 11, 2022, rate, affecting FTT's value.
FTX's Crypto Asset Liquidation ( Watcher Guru ): The liquidation of $240 million worth of crypto assets, including FTT, could influence its market price.
Conclusion
FTT presents a complex picture with both short-term bearish and long-term bullish trends.
The technical indicators suggest strong buying momentum, but overbought conditions signal caution.
The recent news, particularly the settlement and bankruptcy proceedings, directly impacts the valuation and liquidity of FTT.
2x is coming FTTAs i told you many times, i am holding some spot bags of FTT. The price of the FTX Token is holding well even if the exchange is dead (actually). When FTX will be resumed, i expect the price to pump. In the short term, if FTT can break above the mid term resistance at 2.7, a 2x is in play