FTT
FTT/USDTWeekly:
MACDH: not showing uptrend, but Stochatis RSI and Ehler Cycle show starting of uptrend. EMA12 still give higher value every week.
Daily:
MACD already cross up Signal line from below Zero. It is going to cross up Zero line.
MACDH is above Zero and flat, it shows the price is going sideway
Stochatis RSI is up
Ehler Cycle up
=> Good entry
FTTUSDT AnalysisAt this moment, there are 1 SELL signal present and the risk-reward ratio is lower than 2, so this is not a good time to buy.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (4.49) for 1D to buy,
3- You can buy when candles touching the support line (2.94).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
Ranging FTT Offers Multiple Opportunities for ProfitThe FTX platform is a major futures platform in the Crypto market, and FTT is the platform's token. The exchange offers many possibilities for futures crypto trading and has created numerous triple leveraged tokens. The company even created futures for the US elections and spot tokens such as TRUMPWINS and TRUMPLOSES.
FTT Fundamentals
The FTT token has some major fundamental advantages. The FTT platform rewards its clients for holding FTT tokens by giving discounts on trading fees and even making large holders of FTT VIP users (which provide lower fees, account manager, flexible API limits, provide input to FTX products, among other perks). These rewards increase demand over time as the platform gains popularity.
Additionally, the company also reduces the supply of FTT tokens by repurchasing and burning the tokens. FTX burns an amount equal to 33% of the fees generated on FTX markets, 10% of net additions from the insurance fund, and 5% of the fees earned from other uses of the FTX platform.
When demand increases and supply decreases, the token is bound to gain value. This propelled FTT to grow a whopping 240% since its inception.
FTT on the Chart
The FTT token usually grows in short bursts followed by prolonged periods of ranging. Although you could profit by just holding the token for a long time, the ranging periods also offer many opportunities for quick profits. The spread between the higher end of the support level and the lower end of the resistance level is 6.5%. Therefore, even if you take a position just above the support and sell just below resistance, you will still profit 6%. If you take more risk and enter the trade at the lower level of support and exit at a higher level of resistance, the profit margin rises to around 12%-15%.
The great aspect of this token is that it is usually quick to establish ranging levels after a strong push. This aspect makes it easier to identify a suitable entry and exit.
FTT is testing a crucial support levelWe have a nice price action around 3000 sats as you can see on the chart. This was and continues to be a strong support area. Also, one more reason to be confident about this support level is because the same 3000 sats level is also the point of control for the VPVR. I expect a rebound from this area in the near future.
LARGO - FTT - Gran OportunidadGran oportunidad en FTX:FTTUSD . Lamentablemente nos perdimos la ruptura del triangulo simetrico que tenia ya unos buenos meses formandose, pero sin embargo existe la oportunidad de comprar en un retest del soporte.
FTT es una moneda que nosotros tenemos a largo plazo, ya que nos agrada mucho la manera de pensar y actuar de FTX y Alamenda Research, y vemos mucho potencial en ellos a futuro.
Entrada: 3.33
Objetivo: 4.141
SL: 3.147
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FTX Token (FTT) Bullish Breakout, Long-Term Up IncomingFTX Token (FTTBTC) just printed a very strong bullish breakout and this is giving me the feeling of upcoming, sustained long-term growth.
We can see a strong big candle today which puts FTTBTC above all my EMAs/MA.
The trading volume has been green for the past 3 days and the RSI is looking very good (these are bullish signals).
The MACD is printing a young bullish crossover and allows for additional growth.
We can easily see 35%+ coming out of this pair in the coming days/weeks but 85%+ is also possible mid-term...
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Conditions for change
This is an early signal since the daily candle is yet to close.
If prices breakdown and close below EMA200/MA200, the above signals become invalid and a new analysis is needed.
Any trading above EMA50 and we remain strongly bullish on FTX Token vs Bitcoin.
Remember to hit LIKE to show your support.
Namaste.
Binance: FTT/BTC Long. Is it time for the uptrend ?Taking a look at the 1D chart. You can see how FTT has been going through a period of accumulation (since around May 20th). Price relatively playing on the same range, with the last few days closing green, which it could be an indication that the trend has finally change and a move upwards is incoming. A daily closing under 2985 will invalidate the trade and will be a sign on the trend turning bearish on which a better setup should be found or re-enter at a better entry. Feel free to share your thoughts :)
Entry: 3000 - 3050
Short term/scalp target: 3200
TG1: 3415
TG2: 3595
TG3: 3780
TG4: 4000
HODL TG: 4200
Stop if daily closes under 2985
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($FTT)Hey fam, we are trying out a new color scheme. Let us know what you think in the comments.
FTX has seen some really bullish news recently between getting added to Coinbase Custody and launching FTX US. While having its leveraged tokens being delisted from Binance was a big blow to this up and coming exchange, there are still plenty of reasons to be bullish on FTX's native token FTT. One of the best reasons to be bullish on FTT is the overall uptrend according to our Fractal Trend indicator and the general appetite for exchange tokens in the crypto market.
With all that said, while a leveraged long would be exciting based on the FA, the TA isn't exactly giving us a clear entry here especially with BTC struggling to find clear support (see the related ideas below). So for now, let's look at some levels of interest to help plan for a nice long setup later.
Currently we are consolidating within a pennant. The bull case here is a rally out of the pennant to the upside. This would help it to retain FTT's overall uptrend since the COVID crash.
If the current price structure does not hold, which seems more likely, we can look for lower levels. Below us we see S1 - S3 support as plotted by our Directional Bias and Orderblock Mapping indicators. Of these S1 gives the bulls a solid support level off of which to ensure a continued uptrend.
Above us is R1 which will act as resistance regardless of which direction the price action goes, but should specifically be watched if FTT can rally past the top of the pennant.
Resources: ftx.us + cointelegraph.com + cointelegraph.com
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LONG - FTT - Trading OpportunityFTX:FTTUSD has been piling on the news lately, FTT USA, soon to be listed on coinbase, OIL listings, and many sure to come. Along with this ascending triangle being broken upwards, buying on this retest here, setting some pretty liberal targets, as there's not much to chart from here, as it's uncharted territory.
Entry: 2.882
Target 1: 10%
Target 2: 20%
Target 3: 30%
SL: 2.776
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Short - FTT - Trading OpportunityMoving up with low volume, RSI showing overbought signs with a bearish divergence too.
Entry: 0.249
TP 1: 2.260
TP 2: 1.980
SL: 2.533
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX Token Chart Mapped | Resistance & Support LevelsHere we have for you the FTTBTC (FTX Token) chart with Fibonacci support and resistance levels mapped.
FTX Token (FTTBTC) Chart Analysis by Alan Masters
Here we have a very strong/bullish chart.
Prices for FTTBTC are now trading above EMA50 on really high volume. With a strong daily candle close (closing at 0.00002690 or higher), FTTBTC can continue straight up.
The RSI is bullish sitting at 65.
The MACD is trending up and gaining momentum.
Full bullish candle today.
Broken falling wedge.
Bullish Cryptocurrency Market.
FTX Token can easily continue to grow...
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Thanks a lot for reading.
Namaste.