$FTT Bottom Notification!Weekly chart of FTT providing support on 2 occasions. Another Leg down to the Linear Regression possible if we do not make a higher high.
Looks strong, But I wouldn't go all in right away, best to dollar cost average.
FTT
FTTUSDT (ftx’s native token)ANALYSIS 📈📉💹Market Cap:$5,574,433,827
Volume24h: $107,005,774 -13.49%
Circulating Supply: 139,132,501.02 FTT 40% ❗🚫
Max Supply :352,170,015
💰Holders Statistics:
Top 10 Holders: 89.8%
Top 20 Holders:95.38%
Top 50 Holders:98.44%
Top 100 Holders:99.16% ❗🚫
📈📉 technical :
As you can see on the weekly timeframe for the pair of FTT / usdt , Since June 2019 it has listed in ftx exchange and it has had a continues increase in this assumed upward channel ,but I figured that out the correlation between btc and ftt price action has been so high til now, so its future movements high probably depend to btc scenarios and choices again. thus if it want get started a new bullish rally and maintain this channel we should see at least a weekly close on the red downward trend line or on resistance red zone for assurance , otherwise I think it will probably start the bearish scenario, by breaking down its upward channel ,and it'll decrease to the lower support area .
🛑current weeky resistance level: $51-57
❇️current weeky support level: $30-34
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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💡Don't miss the great buy opportunity in FTTUSD @FTX_OfficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (38.68).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 68.
Take Profits:
TP1= @ 40 .73
TP2= @ 41.74
TP3= @ 42.99
TP4= @ 44.28
TP5= @ 46.85
SL= Break below S2
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💡Don't miss the great buy opportunity in FTTUSD @FTX_OfficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (38.68).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 68.
Take Profits:
TP1= @ 40.73
TP2= @ 41.74
TP3= @ 42.99
TP4= @ 44.28
TP5= @ 46.85
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 / Crypto 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 ❤️
FTTBTCIt was long wave for correction wave and there is triangle back trend with divergence, i think its last wave of triangle of wave A and after that the price can back to up.it can affect on FTTUSDT
FTT.Usdt (Y21.P7.E1).Bullish structureHi All,
Bullish structure and I do anticipate that we will have a volatile ranging recovery and the point is, there is a perspective and this is bullish.
We can also have a bearish perspective but I'm bullish on BTC along with its onchain data not showing anything bearish.
All the best,
S.SAri
FTTUSDT : expect GREAT gains ahead! There is a great chance for gains trading FTT right now! I strongly belive that this coin is on a verge of doing great things!
I will explain my reasoning in detail:
FTT is testing a major support confluence:
- A strong horizontal support
- High time frame diagonal trendline support
- 200 daily EMA as a support
- Important Fib level s a support
- Daily OBV is showing a strong bullish divergence
- Weekly OBV is showing a strong bullish divergence
- Weekly stochastic RSI is in the making of a bullish cross
- Broke 4h EMA50, and turned it to support
- Bullish 13-21-50 EMA cross on 4h
What we can see is a consolidation on a strong support confluence, backed up by High time frame momentum indicator signals. At the same time, we have lower time frame confirmations.
This chart is a giver!
There are always multiple scenarios to play, but rarely this much.
- If you are a risk-taker, a buy rightnow with a Stop-Loss (SL) beneath the horizontal support at 43$ is a maximum profit strategy. The price needs to break trough 20 and 50 EMA on daily, and later diagonal trendline resistance, and horizontal resistance on its way to ATH. Do not expect such a movement to be momentarily, as there are a lot of resistance to be broken. But, considering the Weekly stochastic RSI, and daily and Weekly OBV, I think that a BIG move is coming! Congrats on your courage, if you took this path! You are a true man of action!
- For a medium risk-takers wait for the price to conquer daily EMA 21 and 50, and 4h EMA 200. They are in a similar zone, confluent with the upper edge of the green rectangle, around 53$. Turning this resistance zone to the support will be a strong bullish sign. Going this route is probably the smartest. Riding on the most of the upwards wawe, but also waiting for a stronger bullsih confirmation.
- For you guys who don't like to risk much, I understand you. Trading is not gambling. You like your trades clean and risk-free. And that is a great principle to follow. Wait for the price to conquer the diagonal trendline, and even the horizontal resistance represented by the blue rectangle. Turning this area to support during a retest will be the most risk-averse strategy.
BONUS:
Short time frame low-risk strategy.
For you guys who are more into the immediate results, going to the 4h chart is the right way . If the price stays above EMA50 on 4h, wait for the confirmation: bullish cross on a stochastic RSI + bullish engulfing candle, or bullish pinbar candle. SL is below the daily EMA 200. TP is the blue rectangle resistance zone. R:R is 2:1.
Dear TA entusiasts, which path did you choose? Is there any way you would improve the setup?
I would really like to hear your thoughts and see your results.
Do comment below, and share if you liked what you read.
💡FTTUSDT ANALYSIS💡HELLO FRIENDS
Technically, when we look at the chart in 4 hours, the butterfly bull formation ( Bullish Butterfly ) has been formed.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP1: 60.78
TP2: 70.09
Trade entry level:51.20 (at the closing of the 4-hour candle)
Stop loss: 43.18 (based on my own money management)
IT IS NOT INVESTMENT ADVICE. IF YOU
BENEFIT FROM ANALYSIS, DON'T FORGET
TO LIKE AND FOLLOW 👍👍👍👍 IF THERE IS SOMETHING WRONG WITH THE FORMATION, YOU CAN ALSO BE AWARE.
📗📗EDUCATIONAL PURPOSES📗📗
Butterfly BOG Formation ( Bullish Butterfly )
D levels to the level of retraction, the leg should be 127,2's% of X or a rate of 161.8%.
• Point D must be below point X.
• Moving from point A to point D, a valid ABCD pattern should be observed.
• Triangles XAB and BCD must be proportional in time. Ideally, the time spent in the formation of these two triangles should be equal.
This is true if it is not BCD Renders the triangle in terms of time when xab UCG 61.8% with 161.8% can be between
FTTUSDT Technical Analysis💎 FTTUSDT after breaking out of the descending channel has been in a range between a major support and resistance. The After the breakout of the resistance I expect a bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 51.61 - 50.07
☕️ TP1 54.95
🍺 TP2 58.61
🍻 TP3 62.75
🍾 TP4 67.03
🍷 TP5 71.03
🍸 TP6 75.00
🚫 SL 50.07 - 48.36
Good Luck 🎲
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FTT LONG 20211020Signal: Red -> Green
Confirmation: Break Through the Resistance Line
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
My take on FTTBTCThis is how I would like to trade FTT/BTC. It's on a rising trend line after a huge correction. The trade is bit risky but it count yield huge gains. This are just my personal thoughts. No financial advice is intended.
DYOR.