#FTX/USDT Breakout soon#FTX
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is on track to break it strongly upwards and retest it.
We have support from the lower boundary of the ascending channel, at 0.8800.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.8760, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.8932
First target: 0.9584
Second target: 1.0267
Third target: 1.105
Don't forget a simple thing: ease and capital.
When you reach your first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
FTXBTC
FTX Token FTTUSDT - Ascending triangle breaking out! New leg up- FTT token is very bullish on the higher time frames.
- Currently the price is breaking out of an ascending triangle - one of the most bullish patterns.
- Also we have a descending channel breakout, which indicates us bullish trend reversal.
- Next profit target is the all time high level, but in my opinion it will go much higher.
- The price is now finally above 200 daily moving average.
FTX/USD - At CRITICAL resistance! $46 will break or make it! 😲FTX has arrived at a critical resistance level - $46.
Failure to push higher will likely lead to a pullback.
However, as presented on the chart, this last pump may have been wave 4 out of a 5 wave structure and we may get more pain before gain (see wave E).
As such, DO NOT FOMO HERE. This is where you take profit if you entered around C level.
Even if the 3-day indicators are bullish, I would be careful here if you are considering a long. The 12h timeframe is looking a bit overbought.
For FTX to push higher, we need BTC and the whole market to pump more.
For now, secure those juicy profits and only consider a long if FTX breaks the current resistance and makes it support.
Bias is neutral on this set-up. It can go either way, but I tend to think we fall at least to $44 or so.
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