Is This a Joke? FTT Pumps After SEC Chair Said FTX Could Reboot.
FTT has surged amid a potential restart of the FTX after SEC chairman Gary Gensler said that the exchange could reboot if it follows rules. The SEC chairman stated in a CNBC interview on November 9 that if anyone wants to do it, “do it within the law.”
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
FTTUSDT trade ideas
FTTUSDT trading opportunityThe recent upward momentum witnessed in Fttusdt token has sparked considerable interest within the crypto community, particularly given the memory of the significant crash experienced by FTT previously.
As traders, such rebounds prompt a keen search for viable trading opportunities. It appears the token may have one final leg remaining to complete a five-wave cycle.
The highlighted area identified as the immediate buy-back zone holds significance as a Point of Interest (POI) for potential entries. The chart displays the target and a designated profit zone for consideration.
We are encouraged to engage, analyzing the outlined areas, and considering the provided targets. Interaction, likes, and comments are welcome to foster insightful discussions.
FTT ANALYSIS🔮 #FTT Analysis 💰💰
🌟🚀 #FTT is trading in a ascending triangle pattern. Buyers failed to breakout the resistance zone. This shows a little bearish signal in #FTT.
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #FTT. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#FTT #Cryptocurrency #DYOR
#FTT #FTX TokenAfter the recent pump, it is being corrected in the resistance range of $5, which has now formed a contraction pattern, which according to the momentum and upward guard, if it exits from the top and pullback to the trend, it can reach the range of $9 in the first step, and if Break to the $20 range and continue its growth.
FTX and Alameda Move Another $10 Million to Exchanges
Wallets linked to the bankrupt companies FTX and Alameda Research have conducted a new round of cryptocurrency transfers, amounting to $10.8 million, to accounts on Coinbase, Binance, and Wintermute.
🔍 According to data (twitter.com) from Spot On Chain analytics, the list includes: GMT ($2.58 million), UNI ($2.41 million), SYN ($2.25 million), KLAY ($1.64 million), SHIB ($644,000), and smaller amounts of ARB and OP.
👀 Since October 24, the cumulative amount of cryptocurrency moved by these organizations has reached $551 million.
These transfers are part of FTX and Alameda's ongoing efforts to compensate investors, a process initiated in March 2023.
FTT: Forgive The Trickery - When SEC Overlooks Mischiefs 🎭🔍In a world where market dynamics often border on the theatrical, FTT token finds itself in the spotlight. 🌟 Let's dive into the nuances of this intriguing crypto token, against a backdrop of regulatory oversight and market maneuvers.
📉 A Closer Look at the Charts:
Shorting Opportunity at $7.8: Our analysis indicates a ripe shorting opportunity at around $7.8. This level is not just a number; it's a reflection of market sentiment and technical strength (or lack thereof).
Breakout Point - "Biden Revives the Zombie": In contrast, there's a breakout level which, if crossed, could lead to a significant surge in FTT's value. We're watching this space closely!
🌐 Contextual Insights:
The Binance and FTX Saga: Recent developments have seen traders shifting away from tokens like BNB and FTT. The reasons? Regulatory pressures and market uncertainty. This article sheds more light on the trend.
Regulatory Glare: The SEC's recent actions, especially the fine against Binance, have stirred the pot in the crypto world. Adding to this is the continuing saga of FTX and Sam Bankman-Fried, as detailed here.
🚦 Regulatory Oversight or Oversight?
The dance between the SEC and crypto entities like FTX is intricate. Are we witnessing a case of "forgive the trickery" as the SEC navigates through a maze of regulatory challenges and market realities?
How FTT maneuvers through these turbulent waters, amidst the SEC's gaze, could be a tell-tale sign of its future trajectory.
As the crypto market continues its unpredictable journey, FTT stands as a symbol of the complexities and intrigues that define this space. Whether it's regulatory challenges or market dynamics, FTT's path is one to watch. 📈
One Love,
The FXPROFESSOR ♡
ps. I would like to go SHORT on this one and post it as a Bearish idea but with Blackrock ready to enter and their need for an American exchange i do not dare... will trade it in due time, no worries!
FTT buying zone I see that the red zone as a good zone for buying FTT .(for investment only)
if BTC bottom at 14-10 k , ftt would bleed more with the other ALTS .
not a financial advice , only for entertainment purpose .
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
thank you
FTX’s FTT Token Rallies 30% Prior FTX 2.0 FTT token continues to rally amid news of the FTX 2.0 reopening soon.
As the events at crypto exchange Binance unfold, FTX’s native FTT token has witnessed a mega price rally gaining over 55% over the last 48 hours. At press, the FTT token is trading 30% up at a price of $4.63.
FTT Token Whale Accumulation
FTX’s native token FTT has registered a staggering 337% growth on the monthly chart. Most of the gains have come over the last 10 days amid a heavy accumulation by the top 10 whale wallets. During this period, the FTT token market value is up by 255% vs. that of Bitcoin.
Investors in TSX:FTT are experiencing continued gains, as FTX’s native token sees a second surge following recent developments at Binance. The token’s value seems to have received a boost, evidenced by the 10 largest wallets accumulating $12.8 million worth of coins in just 19 days.
Binance Effect or FTX 2.0 Reopening?
FTX’s recent approach of liquidating assets and transferring substantial funds across different exchanges has triggered heightened activity in the cryptocurrency market. In a significant move, FTX and its affiliate, Alameda Research, executed a remarkable transfer of assets totaling $474 million.
This strategic step is part of a broader initiative aimed at handling the exchange’s financial responsibilities and potentially setting the stage for a new phase referred to as “FTX 2.0.” Notably, this action unfolds amid Binance’s $4.3 billion settlement with the United States Department of Justice.
The recent surge in FTT is remarkable, considering its relatively limited utility. This rally indicates substantial institutional interest, despite the token’s historical connection to FTX’s bankruptcy issues. Earlier in the month, FTT achieved a year-to-date high of $4.3, signaling a robust recovery from the previous year’s downturn and reflecting growing investor confidence in the potential launch of a revamped version of the trading platform.
In contrast, Binance’s BNB token witnessed a decline, experiencing a 13% drop to $235. The crypto exchange also witnessed a staggering $1 billion net outflows in a single day. Binance’s current challenges bear some resemblance, though not identical, to the issues FTX confronted last November, which eventually led to its collapse. The uncertainty surrounding Binance’s future, coupled with the clearer trajectory for FTX, has cast a positive outlook on FTT, garnering interest from both retail and institutional investors.
At press time, the FTT token has surged past its key resistance level of $4.408. If its price continues to sustain at those levels, it can rally to its next major resistance of $4.9 and even beyond.
FTT Breaks Out and Could Attempt to Flip $5.6040 Into SupportA symmetrical triangle that had formed on the daily chart of BINANCE:FTTUSDT in the last two weeks has been confirmed in the past 48 hours. During yesterday's trading session, the altcoin witnessed a remarkable surge in value, exceeding a 35% increase. After closing yesterday's candle at $4.4429, the cryptocurrency's value has slightly corrected and is currently trading at that level.
Nonetheless, there is a possibility that FTT will continue to rise over the next few days. This potential upward movement could result in the altcoin converting the $5.6040 resistance level into a support level. It's worth noting, however, that the daily Relative Strength Index (RSI) line is approaching the RSI Simple Moving Average (SMA) line, indicating a decrease in buyer strength.
If these two lines intersect, it could trigger a significant bearish technical signal. As a result, FTT's price may experience a correction, potentially dropping to as low as the critical support level at $2.6815.
FTT Buy Trade Blueprint: Seizing the Moment for Maximum Gains**Short Fundamental**
FTX Token (FTT) is the native cryptocurrency of the FTX cryptocurrency exchange. It is a utility token that can be used to pay for fees on the exchange, to earn discounts on trading fees, and to participate in governance on the platform. FTT is also a tradable asset, and its price is determined by supply and demand on the open market.
**Recent News**
* FTX announces $1.5 billion Series C funding round at $25 billion valuation (November 2023)
* FTX acquires Japanese cryptocurrency exchange Liquid (November 2023)
* FTX integrates with MetaMask (October 2023)
* FTX launches NFT marketplace (September 2023)
**Disclaimer**
This is not investment advice. Please do your own research before making any investment decisions.
**FTT Price**
As of November 22, 2023, the price of FTT is $24.32.
**FTT Market Cap**
As of November 22, 2023, the market cap of FTT is $2.5 billion.
FTT 2x leverageFTT 2x leverage ... 1hr LONG ... NOT READY
lower entries at 3.208 / 3.102
stop loss 2.699
targets 3.577 / 3.811 3.972
Double Top and Neckline price action ( PA ) needs to
break or our entries to hit
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
FTT 2x leverageFTT 2x leverage ... 1hr LONG ... NOT READY
lower entries at 3.208 / 3.102
stop loss 2.699
targets 3.577 / 3.811 3.972
Double Top and Neckline price action ( PA ) needs to
break or our entries to hit
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
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.