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FTTUSDT trade ideas

Fttusdt analizeAfter unbelievable crush down, in result of fighting between binance and ftx leaders , ftt is baned in white rectangle that you can see in chart. 2.8 in top and 0.85 in down I guess it will swing up and down in this rectangle while we hear a big news about ftx that makes pump up or down Without a big news we just watch the price is swiping up an down and its good for daily traders. My overcast has good risk/reward ratio as 5.5 and my target is 2.5$ for first step
Long
by Habib-Tafazoli
FTT is about to riseFrom the point where we placed the green arrow on the chart, it seems that FTT has initiated an ABC pattern or a more complex structure. Wave B also appears to be a triangle that is nearing completion. We expect FTT to soon enter a major wave C. As long as the green zone is maintained, it can pump toward the TPs. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
FTT/USDT: Preparing for a Potential BreakoutFTT/USDT: Preparing for a Potential Breakout FTT/USDT is forming an interesting setup as it approaches a critical resistance level. The price has been consolidating tightly, indicating that a breakout could be on the horizon. This could provide a good opportunity for those watching closely. Key observations: - FTT/USDT is testing a major resistance zone, which has previously acted as a barrier. If the price breaks above this level, it could lead to a significant bullish move. - Momentum is building, as indicated by improving RSI and MACD trends. - A noticeable increase in trading volume will likely confirm the breakout and show strong buyer interest. How to approach this setup: - Wait for a 4-hour or daily candle to close above the resistance to confirm the breakout. - Look for a potential retest of the broken resistance as support before entering to minimize risk. - Monitor volume; a breakout with low volume may not sustain. - Set a stop-loss below the breakout level to manage risk effectively. Potential targets: - First target: . - Second target: . Always remember to follow your trading plan, manage your risk, and stay cautious of fake breakouts. This analysis is for educational purposes only and not financial advice. Always do your own research.
Long
by Qaisrani-Trades
FTX Reorganization Plan Fuels $FTT Rally Amidst Positive OutlookFTX Trading Ltd., the embattled cryptocurrency exchange undergoing Chapter 11 bankruptcy proceedings, has announced significant progress toward its reorganization plan. With a target implementation date set for January 2025, this development has sparked renewed investor confidence, propelling the TSX:FTT token’s price upward by 13% in recent trading sessions. Reorganization Milestones FTX’s reorganization plan, approved by the Court, aims to facilitate creditor and customer distributions, marking a critical step in its recovery journey. Key updates include: - Distribution Framework: The initial distribution of recovered assets is expected to begin within 60 days of the plan’s enforcement. - Global Access: FTX has partnered with specialized distribution agents to ensure global customer access, requiring users to complete KYC verification and tax formalities. - Timeline: Final arrangements with distribution agents by December 2024. Effective date announcement by the end of December. Initial distributions set for early 2025, prioritizing holders of allowed claims in Convenience Classes. FTX CEO John J. Ray III emphasized the importance of the timeline, stating, “We are full steam ahead to reach arrangements with our distribution agents and return proceeds to creditors and customers as quickly as possible.” If successful, the reorganization plan could restore significant trust in FTX, potentially attracting a surge of new and returning investors. Technical Analysis: The promising update has significantly impacted the FTT token’s performance: TSX:FTT has surged 13%, continuing to trade within a bullish zone. The Relative Strength Index (RSI) at 66, indicates strong upward momentum without entering overbought territory, suggesting room for further growth. The token is trading above key moving averages, reinforcing its bullish trajectory. The bullish sentiment is further supported by market speculation that FTX’s ability to reimburse creditors could lead to a renewed influx of investor interest, bolstering the exchange’s reputation and operational capacity. Looking Ahead FTT’s recent price surge serves as a beacon of hope for FTX’s recovery, reflecting market optimism about its ability to execute its reorganization plan effectively. If the exchange successfully meets its commitments, it could not only restore trust among affected customers but also reposition itself as a formidable player in the cryptocurrency landscape. With the reorganization plan underway, TSX:FTT appears poised to continue its upward trajectory, solidifying its place as a key token to watch in the coming months. For investors, this may signal a unique opportunity to ride the wave of FTX’s potential resurgence.
Long
by DEXWireNews
2
FTX Takes Legal Action Against Binance, CZ ZhaoFTX, the once-prominent cryptocurrency exchange, is embroiled in a high-stakes legal battle against Binance Holdings Ltd. and its former CEO, Changpeng Zhao. The lawsuit, filed by FTX, aims to claw back nearly $1.8 billion, accusing Binance and Zhao of participating in fraudulent transactions that involve the transfer of funds by Sam Bankman-Fried, FTX's co-founder, who is currently imprisoned. This legal dispute centers around a controversial share repurchase deal that occurred in July 2021. Binance, Zhao, and other executives were allegedly involved in a transaction where they sold significant stakes in FTX's international and U.S. units. The funds for this repurchase deal were allegedly provided by Bankman-Fried using a combination of FTX's native token, TSX:FTT , and Binance’s own coins, BNB and BUSD, which were valued at $1.76 billion at the time. The FTX estate claims that both FTX and its trading arm, Alameda Research, may have been insolvent since their inception and were definitely balance-sheet insolvent by early 2021. Consequently, the share repurchase deal is being challenged as fraudulent. In addition, FTX has accused Zhao of intentionally posting misleading tweets in the lead-up to FTX’s collapse, further accelerating the exchange’s downfall. While Binance maintains that the claims are “meritless” and has vowed to vigorously defend itself, the legal action adds another layer of uncertainty to FTX’s already precarious situation, impacting not only the exchange but also its native token, $FTT. This article will explore both the technical and fundamental aspects of TSX:FTT amid these ongoing legal battles. FTX’s Legal Woes and Impact on TSX:FTT The legal battle between FTX and Binance has significant implications for the future of $FTT. The lawsuit itself stems from accusations of fraudulent transactions, which have already tainted FTX’s reputation. These claims—along with the ongoing bankruptcy proceedings—continue to weigh heavily on the exchange’s viability. FTX’s insolvency issues, along with the accusations against Binance and Zhao, suggest that there is a long road ahead before any form of resolution can be achieved. As FTX fights to recover assets through lawsuits, the company’s ability to rebuild its reputation and infrastructure is increasingly called into question. With both institutional and retail investors likely to remain wary of TSX:FTT , this legal drama casts a long shadow over the token’s future. Moreover, the involvement of Binance and Zhao, two major players in the crypto space, could fuel further controversy and market volatility. Given Binance’s prominence and Zhao’s influence, the outcome of this lawsuit could reverberate throughout the broader crypto ecosystem. Technical Analysis On the technical front, TSX:FTT has been trading within a rising trend, reflecting a modest 5.74% increase at the time of writing. The Relative Strength Index (RSI) stands at 61.80, suggesting that the token is in a potential continuation pattern. However, a closer look at the 2-hour chart reveals a bearish trend that could pose significant risks for TSX:FTT in the near term. The token has been fluctuating around key support and resistance levels, and its future trajectory hinges on critical technical levels. Should TSX:FTT maintain support at $1.82, it may avoid a sharp sell-off. However, if it fails to hold this level, it could trigger a selling spree, pushing the price lower. On the other hand, a move to the pivot point at $2.36 could potentially lead to a brief bullish rally, although this could be short-lived given the legal uncertainty surrounding FTX. What’s Next for TSX:FTT ? The outlook for TSX:FTT remains uncertain, as the legal battle involving FTX and Binance continues to unfold. Fundamental factors, including FTX’s insolvency and the growing number of lawsuits, will likely weigh heavily on investor sentiment. At the same time, the technical setup for TSX:FTT remains fragile, with the potential for both upward and downward movement, depending on how the market reacts to ongoing developments. Traders and investors will need to closely monitor both the legal proceedings and market sentiment. For now, the price action of TSX:FTT is bound by key support and resistance levels, with the potential for short-term fluctuations driven by market speculation and news surrounding the case. Conclusion The ongoing lawsuit, combined with FTX's bankruptcy and insolvency issues, highlights significant challenges for TSX:FTT in the coming months. While the technical indicators suggest the potential for short-term gains, these should be weighed against the broader fundamental uncertainty surrounding FTX and its legal battles. With the volatility likely to remain high, it is crucial for investors to stay informed about the developments in this case before making any major moves with $FTT.
Long
by DEXWireNews
FTT , FTX and SAM vs. CZPeter Brandt just post a head and shoulders pattern for FTT!! anyway... in the hours before FTX secured rescue from Binance, it sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires. By midday Tuesday the hole appeared far deeper closer to $5 billion to $6 billion. SBF wrote in a message to staff sent on Tuesday morning, “in the last 72 hours, we’ve had roughly $6b of net withdrawals from FTX”. Withdrawals at FTX are “effectively paused”, he wrote, adding that would be resolved in “the near future” targets 5 , 4 , 3
Short
by moonypto
26
FTX Executive Nishad Facing Sentenced Amid $8 Bln Fraud FalloutThe case against Nishad Singh, former FTX chief engineer, has garnered intense scrutiny in the crypto and financial world as he faces sentencing for his role in one of the largest financial frauds in U.S. history. Singh, who pleaded guilty to six counts of fraud and conspiracy, admitted to being a “straw donor” in Sam Bankman-Fried’s political donation scheme and played a role in orchestrating FTX’s misappropriation of customer funds. His sentencing, along with the recent technical analysis of FTX’s native token TSX:FTT , provides a complex perspective on the current state of FTX's assets and market position. Cooperation and Accountability in the FTX Scandal Singh’s involvement in FTX’s collapse goes beyond operational missteps; it includes his participation in diverting an estimated $8 billion from FTX’s customers under the direction of Sam Bankman-Fried. The case, which has revealed severe governance issues within FTX, led to significant financial losses for investors and shattered trust within the crypto community. While Singh’s cooperation, including asset recovery and key information sharing, is expected to contribute to a lighter sentence, Judge Lewis Kaplan has stressed the need for accountability, pointing to the severe impact on countless victims. FTX’s bankruptcy CEO, John J. Ray III, recently issued a letter to Judge Kaplan highlighting Singh’s efforts to assist the debtors. According to Ray, Singh's knowledge of FTX’s operations is critical to ongoing investigations and asset recovery efforts. Singh has surrendered Bahamian property bought with company funds and responded to investigative inquiries, positioning him as a valuable asset for further legal proceedings and recovery efforts. In addition, Singh’s cooperation agreement might extend to testifying in bankruptcy court, potentially providing insights into the company’s operations that could aid in further recovery of assets. This case highlights a broader trend in crypto governance as courts and regulatory bodies examine the internal controls and accountability measures within high-stakes crypto firms. Singh’s sentencing and the ongoing efforts by FTX’s leadership to restore investor trust demonstrate how corporate accountability and individual responsibility intersect in high-profile financial scandals. Technical Outlook FTX’s native token, TSX:FTT , has experienced substantial volatility amid the legal and financial turmoil surrounding the exchange. Currently trading within a declining trend channel, TSX:FTT is down by 2.18% with a moderate Relative Strength Index (RSI) of 44, suggesting consolidation within a narrow price range. Price Movement: TSX:FTT has been trading between the $2 and $1.6 range. The support level at $1.48 is a key point to watch, as a break below this level could signal a deeper decline, while a bounce could provide a buy signal for traders. This range-bound movement, combined with low trading volumes, reflects caution among investors as they assess FTX's ability to recover from the ongoing legal challenges. Market Sentiment and Potential Buy Signal: Given the current market sentiment around FTX, TSX:FTT ’s technical indicators highlight a potential accumulation phase, where investors may look for an entry point at the $1.48 support level. This level may attract buying interest as traders consider the possibility of a reversal if the company manages to stabilize and address its financial and legal issues. Nishad Singh’s sentencing and cooperation could bring further transparency to FTX’s operations, potentially influencing investor sentiment around $FTT. A lighter sentence for Singh might indicate ongoing cooperation with authorities, providing some relief to traders who remain interested in FTX’s long-term recovery prospects. Conclusion With Nishad Singh’s sentencing set to unfold, his cooperation remains a significant factor in the broader investigation into FTX’s downfall. Singh’s actions and the judicial response will likely impact investor sentiment in the crypto market, particularly regarding FTX and its native token, $FTT. While TSX:FTT ’s current price pattern reflects caution, traders should keep an eye on support levels and overall market sentiment as FTX navigates its legal and financial recovery.
Short
by DEXWireNews
Trade Signal Alert: FTTUSDT MovementDear Traders, We have identified a potential trading opportunity in the FTTUSDT currency pair, using the EASY Quantum Ai strategy. Below are the details of our signal: Direction: Sell Enter Price: 1.4021 Take Profit: 1.37493333 Stop Loss: 1.43513333 Our analysis indicates that a bearish movement is likely due to several factors. Firstly, the current market trend analysis shows a downward movement in momentum, which the EASY Quantum Ai strategy has flagged as a potential sell opportunity. The absence of significant support levels in the short term further supports this bearish outlook. Moreover, macroeconomic factors affecting the broader crypto market, combined with technical indicators showing increased sell pressure, suggest a continuation of the downward trend. The recent formation of resistance near the Enter Price also contributes to this prediction. This trade recommendation is made using advanced algorithmic insights specifically tailored for the current market conditions observed by our EASY Quantum Ai toolset. Please ensure proper risk management when entering this trade. Trade wisely, EASY Quantum Ai Team
Short
by ForexRobotEasy