Long $FTT. Simple Risk/Reward Play. [#TheCryptocracy]FTT will definitely outperform BTC in the short term, and I think it will breakout against USD as well. I am using this as an opportunity to get some ez btc & usd via leveraged longs, and have set a tight stop below diagonal support. Looks prime to me overall, and it could be a potential bottom w/ a inverse head and shoulders, making this play a great entry for long term until proven otherwise. NOT FINANCIAL ADVICE. DYOR! GL :)
#TheCryptocracy
FTTUSDT
FTT - FTX Token LongFTT is at the important zone now in the daily timeframe. The price has been falling about 70% from ATH, while this drop is 90% or more for most altcoins.
Additionally, it has a double bottom and almost a higher low in the lower time frames, so it seems to be good to buy for the mid-term and long-term at these prices.
FTX/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
On this chart I want you to look at a few things.
From the ATH we've dropped about 73% so far
A lot of the coins I've charted for you has gone to the 82% or more area. On the fib retracement, if you look at the white lines, below the 0.236 fib level
where the purple circle is; That is where majority of altcoins have retraced to so far. This coin has a high possibility of going below the 0.236 fib as well.
RR: 7.4
Possible Upside: 459%
Possible Downside: 65%
FTTUSDT: Binance | Bearish Harmonic Patterns detected in LTFFew moments back I noticed Bullish Harmonic Pattern in 4H time frame which I have shared here already.
You can check that out here.
https://in(.)tradingview(.)com/chart/FTTUSD/JzgcmoGS-FTTUSD-Bullish-Crab-Detected/| Remove brackets to get link
Anyways let's continue this idea.
I have noticed Anti Nen Star as well as Cypher patterns in 1H time frame so I have opened short position here with below mentioned Entry, TP, and Stop Loss to scalp.
Pattern 1: Anti Nen Star: SHORT
----------------------------
Entry: 24.919
Take Profit: 24.64, 23.96, 23, 22.93
Stop Loss: 25.198
Pattern 2: Cypher: SHORT
----------------------------
Entry: 24.919
Take Profits: 24.43, 23.75, 22.93
Stop Loss: 25.408
Note: Once Take Profit 1 gets flipped i.e. becomes resistance I would move SL at entry and ride the trade.
FTT FTX- Fundamental strong token that is backed by a working company.
-They don't compete for L1 place or usability, speed, etc. Just revenue.
=> On the chart you see the RSI Daily moving inside a channel, leading us we should buy when it hits the lower boundaries.
=> We can expect a bounce from 19.3$ till 21$+
=> If BTC bombs below 18k and goes to 16.5k or lower, ftx might drop on all the Red support levels I've drawn.
=> Last support is 11-10$.
=> That is the absolute accummulation zone but I doubt it goes there. Only btc, eth and ftt are down 70% from ath, the rest of the top 100 coins are -85 and more, make your choice.
Thanks, cheers )
FTTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for FTTUSDT
Here we have R1 as the resistance line and you observe the unsuccessful attempts of the price in order to rise. S1 is our support line and it includes the support of the price at several points. At the present, the price is fluctuating below R1 and above S1 in a triangular shape and we expect either the price will fall to S1 and then experiences a rise toward R1 (which is a good area to consider a long position). Also it is possible for the price to move above R1 and by receiving confirmation candles and a fixation over this line, we will expect more increase for it. It may happen that the price moves below S1 and face more decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
FTTUSD: $45 if this pattern plays out.Hello All. Looking at FTX on the daily timeframe we see a formation of a descending wedge pattern which is a bullish cart pattern.
We see that the price broke bullish out of the descending line of resistance and currently sits above the 21 day MA.
The price target for this bullish breakout sits at $40 which is a potential 45% move towards the upside.
The $40 price is also a psychological level and also the previous resistance; so keep an eye on.
Happy Sunday...
Thanks for reading, and stay tuned. Enjoy.
FTTUSDT ShortThat moment a lot of crypto coins grow down and I watch similar figures and resistance. I think FTT will grow down now.
FTTUSD Return to Strong Trend LineFTT can be seen to have a very strong uptrend (in green) that is yet to be tested at these high levels it has reached
A return to this level coincides well with the 0.618 fib level, as shown by the curvy arrow
Bearish action will be brief but strong towards the trend line
FTX Token Bullish Divergence (55%+ Mapped)We have a very strong bullish divergence with the MACD and RSI on the FTTUSDT chart.
Notice the recent descending channel on FTTUSDT.
Here is the MACD, ascending channel:
Here is the RSI:
And Dogecoin (DOGEUSDT) went ahead and started moving right away.
You can check also Cardano (ADAUSD), Comos (ATOMUSDT), Bitcoin (BTCUSD) & more by visiting my profile.
www.tradingview.com
Namaste.
FTTUSDT🔥 The market repeats another cycle of decline.
What can not be said about the FTT token
Support at the level of 22.5 does not look bad, for now I will just take the coin under observation, if the support at 22.5 flies, then we can expect a fall in the area of $ 11
✅Do not forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
Where to buy FTTUSD A very strong Trend line has developed along the White line at the bottom of the Fib channel
This Trend line will extend to where price is developing now, and once it is retested will act as a point of support
This is the best entry point, it will be around ~$22 per coin once the Trend line is hit
FTT | Ready to Bounce Back..!!
#FTT/USDT (Update)
Descending channel Formation in Daily timeframe..!!
Looks Like Bottomed out, Ready to Bounce Back..📈
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
FTT/USDT BUYING SETUP (SWING)Buying #FTT/USDT (SWING)
$FTT breakout falling wedge pattern with big buy volume , RSI bullish divergence Valid and then MACD showing have golden cross, Price action and indicator support for bullish movement
we can entry now or wait for retest first
Buy zone : 27.50 - 26.5 - 25.3
Target : 30 - 32.35 - 35.27 - 39.27
Stop : 24
#FTT/USDT 3Hr UPDATE BY CRYPTOSANDERS !!Welcome to this quick FTT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- #FTT/USDT is breaking out of the falling wedge and retesting buy the green zone.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...