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FTTUSDT trade ideas

Will the FTX Token Price Break Out or Plunge Further?On the daily chart for BINANCE:FTTUSDT , a symmetrical triangle pattern has been observed for the FTX Token (FTT), indicating a potential short-term breakout for the FTT price. Over the past week, FTT traded in an accumulation phase, fluctuating between $2.6815 and $5.6040. The FTX Token price might signal a breakout towards the upside if it successfully closes a daily candle above this triangle pattern. Such a move is expected to be positively received by traders, potentially leading to increased investment in this altcoin. If the buy pressure is substantial, the FTT price could overturn the $5.6040 resistance into support, creating a pathway for its value to approach pre-collapse figures around $21. Despite this optimistic setup, the sharp decline in the FTX Token price following FTX's bankruptcy filing makes a near-term rise to the $21 level unlikely. Nevertheless, the recent accumulation phase suggests the possibility of a short-term breakout for the FTT price. However, caution is advised. Technical indicators on the daily chart, including the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), lean towards a bearish outlook, predicting a further decline in the FTT price in the next 24-48 hours. The nearing of the MACD line to the MACD Signal line, and the downward trajectory of the MACD Histogram, support this bearish perspective. The weakening of buying momentum, as indicated by the RSI line's approach towards crossing below the RSI Simple Moving Average (SMA) line, suggests a potential short signal for traders, which could lead to a near-term drop in the FTT price. If these bearish indicators are confirmed, the FTT might retest its immediate support at $2.6815, a crucial level to monitor. A fall below this level could lead to a further decline in the FTT price, potentially down to $1.4585, and in a highly bearish scenario, it might even plunge to as low as $0.9635.
Short
by StevenWalgenbach
3
FTT/USDT 1D. Channel. Cycles. Accumulation. Idea.Idea on the secondary trend of the FTT token of "scam exchange" FTX. After the FTX scam horizontal channel started to form. There were 2 accumulations zones which lasted each 30 days ~(1 month). After that the pump followed. Now the price is between this 2 accumulation zones(buffer zone) for 3 months already. After first pump local dip formed, after which another pump(2nd wave) followed. This wave formed local cycle at the duration of 32 days. Shown on the chart. Above the chart each period is described. Below - what happened at each point of a new cycle. Lately, after each new cycle(beginning since Aug 18) - we've seen price increase from 30 to 40%. This 3 local pump waves formed an ascending triangle(bullish formation). Next cycle is on Nov. 22. 15 November is the date of listening for FTX case. So, what do you think more likely - rise to somewhere about 2.2022$ zone(89.6% from current)? Or the dump to the support of the "outer" channel to about 0.8088$ zone(-30.81%)? By the way, since the beginning of the last local cycle - we've seen a significant increase in volume(Bitget exchange). Local resistance of the triangle is 1.22-1.33$$ zone.
Long
by TradingTsar
✴️ FTX Token Grows 390% In Days (1,265% Wave Potential Mapped)When it comes to technical analysis, nothing compares to volume and price action, these are definitely the strongest data points to consider. That is, the current price, what is happening and if there is any real market force behind the move. FTX Token (FTTUSDT) is growing really strong, over 390% in the last 10 days and over 240% within the last 7 days. This same week, FTTUSDT is showing the highest volume ever on a green session, dwarfing the 2021 bull-market, but there is always more. In fact, while nothing compares to price action and volume, some signals can reveal more about the future than these two, specially when we combine a set of signals together to build a nice picture. See this, FTT moved this week above its March 2020 low, a major turning point. This level stopped the drop in November 2022 and the bottom formed right below it. A move above would signal that the bottom is in. Finally, we get the mirror image. Fast drop = fast rise. There is huge potential for FTT medium-term since all previous gains were deleted by almost 100%. We should see many targets on the way up, but I am pointing out just a few for you on the chart. These are just projections, things can always vary and change. The 1,265% potential is for the medium-term, there can be much, much more long-term. Short-term, just see what has been happening in the last few days... Massive growth, but this type of action has its disadvantages. When the time for retraces and corrections come, the swings will be wild... So make sure to secure profits on the way up. Don't be greedy, be happy with your results. If one opportunity is missed, a million more will show up. Namaste.
Long
by AlanSantana
2
What’s The Future Of FTX Token?The crypto industry has recently recorded a price jump following the FOMC meeting, but the market recently experienced a correction of over 3%, resulting in it leveling out gains of major cryptocurrencies. FTX token has recorded a significant loss in value as its price has lost over 10% in the past week. The five-week-long trial has ended as Sam Bankman-Fried “SBF” has been found guilty of all seven criminal fraud counts. The tentative sentencing date has been scheduled for 28 March 2024. Following the news, the FTX price has experienced a fall of nearly 5% in value. The FTX price has displayed constant fluctuations in its price during the last month. Following the start of the SBF case trials, the price recorded significant movements. The FTTs FTX token was trading positively for the first few days, after which the price lost momentum and experienced a drop in value. The coin was trading in a consolidated range for almost two weeks. Following the market pump, FTX broke out of its important resistance level at $1.2145. FTX continued to gain value but was rejected at $1.3648, after which the token lost momentum, broke down its support level, and started trading sideways. FTX Future If the bulls manage to hold the price above the resistance level of $1.2145, the price will stabilize. Further, if the coin holds its price above that level, it will continue to gain value and attempt to break out of the symmetric triangle and rise to test its upper resistance of $1.2832 soon. If the market regains momentum, the price will make a run to test its resistance level at $1.3648 in the coming time. On the contrary, if the bears overpowered the bulls and the price broke down the pattern, it would lose momentum and fall to test its support level at $1.1277 soon. Moreover, if the bears continue to dominate the market, it will experience a price plunge and will test its support level at $1.0990 this month.
Long
by DEXWireNews
FTT after A Successfull Trade Here is The Second One. Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Long
by MoonTradingForecast
5
FTT - will be 20$? (ukrainian language in video, read describe)If you turn on 4 hours and look at the FTT chart, you will see how much the majority of the miners were breaking and taking their coins, I'm sure that the market makers have about 90% of all coins, which allows them to drive the price very high without any interference. Any price, any bullish trend has distribution stages, we will be selling on the 4th distribution stage. That is, strong growth, a sideways drain, further growth, and so on until there are 3 such stages, then we will think about exiting the coin. Most people will start buying back FTT when it is already very high and when FTX is bought back, it will be the time to think about where to fix, but before that, after the buyback, I will expect another 300-700% pumping
Long
by FTT_TRADER369
FTTUSDT - to 8-11$There is a buildup going on with the potential for an exit and a huge 500-1000% pump up. It could happen this year. See my past ideas to see what has worked and how it has worked in the past. My description is not much different from the past, I don't know what to write here, it's all on the chart. I think even if the exchange will not have a positive future, the coin can be pamped, pamp is an infusion of money, not positive news, although under the pamp and distribution they will be for sure
Long
by FTT_TRADER369
6
FTT Buying Frenzy: Seize the Opportunity Now!Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Long
by MoonTradingForecast