There is a divergence in rsi due to the inability of sellers theThere is a divergence in rsi due to the inability of sellers the price rises again after a slight fall to 42$ trust me!
FTTUSDT trade ideas
🔥 FTT Bearish Break OutFTT has been on a strong losing streak since it hit the all-time high last September.
With FTT falling through the last strong support, there's little holding FTT back from dropping any further. To reinforce my bearish bias, I think it would be ideal for FTT to re-test the prior support and turn it into resistance.
Long-term bear target would be the lows from the summer-21 bear market.
FTTIf you have already bought FTT then don't buy more and just hold, you can have a pending buy order at 22-25$ zone which is its strong support level, for very short term if you want to sell it you can put your TP at 42$ otherwise wait for Target 1 and for long term investment Target 2 and 3, not a financial advice, you trade at your own analysis
FTTUSDT Analysis (shortterm)Hello friends.
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Everything on the chart.
open pos: market and lower
target: 44 and 48
after first target reached move ur stop to breakeven
stop: under 36.5 (depending of ur risk). ALWAYS follow ur RM .
RR 1 to 6
risk is justified
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Huge return, little riskOn daily chart
The impulse wave has done at 85 within golden ratio 2 Fib at the fourth wave.
After that, we have the correction wave ABC turn down to 36.
Conclusion, BINANCE:FTTUSDT has been done two first waves. Prepare to next wave, a huge wave which is going up to 195.
FTT has a resistance at 53.
Time will tell
FTTUSDT Long1) I started out by drawing the bottom dotted trend line of 2-3 lows then cloning that line and placing it above of 2-3 highs.
2) Then I used the fibonacci tool from a high to low and it looked like those areas respected some supports and resistances.
3) By that time it looked like there was a break of structure in the downtrend from the 0.236 to the 0.786 fib levels.
4) So it looks like we are on an uptrend now and if it reaches the 0.618 fib level I will open a long position.
5) The risk/reward ration is 5.17 and I will be decreasing the stop loss after a bounce of the 0.5 fib level, taking profits at the 0.382 fib level and exiting the trade at the 0.236 level.
6) Fundamentally I thing FTX $FTT has a lot of growth potential in 2022 and beyond. I see they want to be compliant towards regulators and that's bullish in the long run for me.
DISCLAMER:
I am very new to trading so all of this is guess work ( educated guess imo ). Many things can happen but I believe this is one of them. Bitcoin could tank just after I open this trade I get stopped out for example.
Any thoughts?
FTT vs USDT ---LONG---05.01.22The coin of the FTX exchange indicated a potentially promising structure for growth.
From December 17, you can see an impulse that resembles a leading diagonal, which in turn can be, like wave A in the correctional structure of the ABC (this scenario is marked in red), but also this leading diagonal can only be wave "one" in a more significant impulse of five waves (this scenario is marked in black)
Also worth noting is the significant supply or resistance zone, which is around $ 50 (marked grey).
In the case of a positive scenario, the price will hold above this area, in the case of the scenario marked in red, the price will not be able to hold above this area.
If the price holds below the local minimum of $ 36 (marked with a red tick), both of these scenarios will be irrelevant in the form in which they are indicated at the moment.
Total:
If you are negative about FTT then you can try to look for short positions in the area marked with gray.
If you are positive, you can try to pick up an upward movement within the C wave or an even more significant higher-order impulse.
BUY(FTT.USDT)The price has been on an upward trend for some time. Every time it reaches its support line, purchase orders from activated companies and institutions are a good area to buy.
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FTX steady trendFTX is a token from a solid stock market, the situation on the chart shows strong support and stabilized sideways trend, this is a good sign for the future for long-term investors
FTX / FTT Upside OpportunityUpside opportunity for FTT spotted, strong support at $37 area and holding well despite several downsides of BTC.
FTT / FTX current on a range trading of $43 to $36 on 4H TF, very good upside opportunity from current level.
Entry: from $36 to $38.5
SL: $35
Target: $74 (midterm)
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fttftt has completed a bullish gartley pattern on weekly time frame .we can expect a reversal from here.
NFA DYOR
What does macd divergence do?A short-term uptrend is expected, but breaking the trend line is crucial
Otherwise the drawn process will occur
buy FTT in 2 StepEnter the first step weaker
Enter the second step stronger
Stop Loss is your best friend
FTT WII BE HIGHER THAN 120To the next new year 2022, if BTC is still bullish, FTT probably wii be the alt coin king again!
FTT I think this currency can make such a move in the future, of course, keep in mind that ftt currency accumulates a lot of whales and also has a good fund for growth.
Realistic FTT analysis, possible scenariosDisclaimer
This technical analysis by no means, is a financial advice and this only works for me and I would like to share it with you, Please do you own research.
FTX Token is one of the tokens whales started to accumulate as it can be seen on etherscan. Hence, this is a reason I am doing this analysis to mention scenarios and entry/exit points for this token.
If the price bounce back from $37 area of support, it will make double bottom which is a bullish pattern . It will be a good place to entry point (but don't forget to use Dollar-Cost Average technique in both buying and selling to minimize the risk). However, price can fall till $22 range and still stays bullish . It would be logical to buy at $30 as it can possibly supports mental and price action support for FTT , before price reaches $22 support range. ( Bullish scenario, which what I expect personally).
RSI+ and LMACD are currently have a positive momentum but trend is still negative in our indicators. They would provide more information as time passes to either approve or deny bullish trend .
The main resistance for Bullish scenarios are:
$43 range . Have to pass this area of resistance to complete the successful double bottom .
$50 range . Major mental, Fibonacci, Volume profile , Price action and both 100 and 200 MA resistance. ( Major Exit point)
$57 range , Fibonacci, Price action and Volume profile resistance. The point of control of our volume profile is in this area. Can consider as one of exit points.
$73 range and $85 ( ATH ) which our price action resistance. If it passes ATH the next major resistance is $100 which personally think it is unlikely it short term.
In bearish scenario, if support level of $22 range won't support the FTT , Price can even fall around $15 and $10 as next major resistance.
Great buy opportunity for FTX TokenThis ascending channel worked well at FTX token price, and the price is approaching the channel's support. Also, we have a hidden divergence on RSI that could help the price trend change to bullish.
FTTUSDT (200% GAIN IN 2022)FTT LONG TERM CHART SHOWING THAT IT WILL HIT $116. Buy the dip till $33 and hold it
FTT HTF uptrend - new ATH possible ?I was looking at FTT chart from HTF perspective and I could not unsee the similarities I saw in the beginning of the uptrend. We can clearly see HHs and HLs which confirm the uptrend but if you watch the double retest of trendline with EMA 12/21 crossing up - it started a huge move upwards to the new ATH. All I am saying is that it is looking like the trend line is gonna get double retested again and EMA 12/21 is on the verge of crossing up. I am gonna be closely watching FTT and if the 2nd retest of trend line holds (could be also wick to range low - $35), there is only one destination - somewhere up - possibly new ATH.
From LTF perspective, FTT is tradable within range $35 - $61 - buy low, sell high (take profit around mid range already imo :) )
FTTUSDT Daily Plotting Fibs Retracement Exercise
Wick down to 78.60% area and since then trading above 78.60% area
Head & Shoulder play out followed by a Descending Parallel Channel.
Breakout from the descending parallel channel & retest.
FTTUSDT Technical Analysis💎 FTTUSDT has broken above the descending channel. It has also has been making HHS and HLs in the channel. After the pullback we can expect that the price goes higher.
💵 Invest Only 5% of your Portfolio
🎳 Entry now or from 43.27 - 40.84
☕️ TP1 46.67
🍺 TP2 51.21
🍻 TP3 55.63
🍾 TP4 60.00
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 40.49 - 38.99
Good Luck 🎲
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