FTT vs BNB
Updated
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This is comparison of FTX Tokenvs Binance Coin, so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
This is comparison of FTX Tokenvs Binance Coin, so if the:
*price is going up, it means FTT is stronger than BNB
*price is going down, it means FTT is weaker than BNB
After strong initial impulse down the FTTBNB has been consolidation for almost a year and formed this triangle. Now the price is breaking down out of this triangle📐 and if it really breaks, I think there is chance for drop to 0.034. TARGET being height of the triangle projected from midpoint of the local range (pink). It's a bold call predicting that FTX Token will lose -65% against the Binance Coin.
As you know both are exchange tokens, so it's sort of Changpeng Zhao ⚔️ Sam Bankman-Fried battle. 3-2-1 fight! Who is gonna be stronger?💪
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
This analysis is aging really well, don't you think? This pair is approaching the target of the triangle breakout setup. FTX seems to be in some real troubles and interestingly enough it has a lot of to do with Binance.
"Show me the chart and I will tell you the news" Bernard Baruch
#NewsBeforeTheNews
Trade closed: target reached
🎯 Wow that was absolute spiller!Note
Prolly not done yet. BTW check the Tweet I posted month ago:Note
So FTTBNB dropped further down like a rock. As the FTTBNB pair has been delisted from Binance, you can't "play" the original idea anymore, it doesn't load the new dat, but here is the actual ratio: Anyway here comes new bearish setup on FTTUSDT:
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