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FTTUSDT trade ideas

FTT/USD - Long opportunity for 10%, resistance broken! 🚀FTT has broken the resistance that has acted in this role since early September. After several re-tests we finally broke it once we bounced on a good support level Now we're making this resistance level support, should that succeed, I see up quickly moving up with a nice target at $67. Once there best to secure profits and re-assess. We also have a resistance at $62, however that will likely not hold us much. The indicators like MACD and RSI are also curving up nicely, hence we're building a nice rally here. Risk reward favors a long. Good luck! Like and follow if you liked this idea!
Long
by DU09
1
FTTUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a daily time frame. As you see, the price is moving upwards, after the fall, by hitting the support line, and if it breaks the resistance line and stabilizes above that, it can reach our target. But in case of dropping below the support line, we consider a fall. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
Trend reversal, Reverse Head and shoulders break outwell, it seems FTX ran out of bullish momentum and it's heading down towards the mid-range of its current rally. just broke out of the reverse head and shoulders neckline, Price is below 100 SMA but we have the previous ATH as support. Low volume on the breakout. I would enter short if we break the 63 support line with a good volume. tp 1 would be around 0.5 fibo at 54 dollars and second tp at 0.61 fibo at 44 dollars.
Short
by Mushifar
3
FTT at a critical level! Watch for a breakout!Here's a quick look at FTT 2 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. There's also a possible head & shoulder pattern which is bearish. Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume. If we break below the symmetrical triangle, then im looking for 60$ FTT. ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 74$ 2. 84$ 3. 99$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5
What is Ascending Triangle Pattern?What is an Ascending Triangle Pattern? Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending triangle. Traders here usually watch for breakouts from upper resistance in ascending triangle patterns. How does the Ascending Triangle Pattern work? After the prior uptrend when investors try to book profits it creates a resistance that leads to a high supply zone. But due to the prior uptrend investors are still interested in the asset which leads to picking up in demand slowly, resulting in a rising trendline. Time in this phase is also a crucial element. The longer this pattern consolidates, the more chances it has to give a possible breakout to continue the uptrend. Why is the Ascending Triangle Pattern Unique? Ascending triangle patterns usually have a higher breakout success rate than symmetrical triangle patterns. In an ascending triangle, higher lows are constantly being built, which shows there is a strong demand for the asset. Role of Volume: Volume plays a major role in the completion of all major patterns. The horizontal trendline which acts as resistance can give spikes in volume. We will call it a breakout when a candle closes above horizontal resistance level with a great volume spike or rise in average volume. Above Chart Explanation: This is the 4H chart of FTTUSDT with a clear preceding upward trend. After the uptrend, we enter the second phase where the upper horizontal line becomes resistance 4 times in a row and the lower rising trendline becomes support 3 times in a row. As we have observed here FTTUSDT consolidated for nearly 1 month in an ascending triangle pattern, which finally led to a super bullish breakout. Two Possible Entries: Entry 1: On rising support, when the price touches the rising support trendline and if there is rising average volume, it makes a good entry with a stop loss placed below the previous higher low point. Entry 2: On resistance breakout, we should wait for the 4H candle to close above the resistance to confirm the breakout’s validity. Once the breakout is valid, a potential opportunity would be to enter at the close of the 4H candle with a stop loss placed a little below the breakout level. Usually, we should target the height of the triangle after the breakout. Comment down your thoughts on Ascending Triangle Pattern in the comment section. Disclaimer: This is just an educational post. Never trade just any pattern. And please do your research before making any trades. Happy Trading!
Education
by Coinlog
1