FTT
💡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)
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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
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🎳 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
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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.
🔥 FTT Huge Bearish 1-Year Wedge: Break OutOver the past year, FTT has formed a huge bearish wedge pattern. Classically, these are reversal patterns, so a strong bearish move would be expected.
However, I'm still fairly bullish on the crypto market as a whole. My expectation is that FTT will see some bearish moves in the near future. I'll be watching for the support area for a potential reversal.
A break below the support area might indicate a longer-term weakness.
Happy trading!