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FTTUSDT

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.
by EngineeringRobo
1
FTT/USDTFollowing the acquisition of Blockfolio by FTX exchange and the announcement by both companies on the roll-out of trading capabilities on Blockfolio, the number of active users on FTX exchange is expected to increase from 200K-2M active users potential. Blockfolio has +1M downloads on Android, assuming there are other 1M users with iPhones. Conversion rate of 10% would put us on 200K users being added to FTX exchange, I expect a much higher conversion rate since Blockfolio users really love the app and are willing to try new things that blockfolio offers, I'm saying this as a marketing expert that has the ability to identify such user behaviors towards such applications, I've been Blockfolio users since early 2017 on daily basis. The average buyback and burn rate on FTT in the last 10 buy backs has been doubled, from an average of 45K FTT to an average of 110K FTT - this is very logical since the industry has been growing fast with new users joining the crypto space. Keeping in mind that the FTT price from 23.06-22.07 was in the range of: $3-$3.16 (looking at highs ONLY) And since 22.07-25.08 the FTT price was in the range of: $3.16-$3.6 Conclusion: the number of active traders on FTX grew. (Without the upcoming push and release of the trading capabilities on BlockFolio). To back up the above - looking at similarweb, FTX exchange has monthly visitors grew from 810K in February to 1.35M monthly visits in July (1.66X). While 72% of the traffic is direct to FTX exchange - Strong brand and high daily active users. I believe the trading volume as well doubled, but I'm having a hard time to pull the historical trading volume on CMC. The above analysis leads me to the decision that FTT token could possibly push the price up further by the end of the year. Currently the support lines are on 3.6USDT and 3.2USDT (going below 3.2USDT, means we might turn bearish)
Long
by hosammazzawi
FTX US and Coinbase Custody... Leverage Long? | FTX TOKEN ($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 ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
FTX:FTTUSD
by AlphaBotSystem
3