#FTT/USDT 3Hr UPDATE BY CRYPTOSANDERS !!Welcome to this quick FTT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- #FTT/USDT is breaking out of the falling wedge and retesting buy the green zone.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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Thank you...
FTT
FTX Token (FTT) Chart Analysis + Target & Support LevelsWe can see that FTTUSDT (FTX Token) managed to break above EMA10 on negligible volume... Which isn't really good but, once we have a bounce start to develop, we can see the counter-trendline being challenge, this is mapped on the chart.
We stay bullish above the "rising trendline".
We turn/switch/adapt to bearish below "support".
We aim at $35-$37 as bullish target on the next jump.
Namaste.
FTT great future ahead :) Fundamentals:
+ FTT native token with endless possibilities
+/- Relatively Risk-Off token within the crypto industry. This does not mean it should survive crypto winter better than others, but it is more of a relatively "Safe" opportunity.
Opinion:
FTX native token. The possibilities are endless.
This is not intended or made to constitute any financial advice.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Bitcoin rising for one hour. Good for short trades.Okay so as you see the yellow dotted line. It's acting as a support and also as a resistance in the past. If we analyse the previous record we can see it is very easily broken and hence not a stable resistance or a support. So it gas 99% chances of breaking it and continue in the upward director for an hour or two.
Will Apple's stock fall today?Okay so I've analysed recent NASDAQ:AAPL chart activity and we may expect a fall.
First of all it fell from a certain level and then arrived at the same level but still a little below. This may very-well form a reverse head and shoulder chart pattern and as per various indicators, it's a very well strong sell.
Although it may consolidate between the levels I've marked so let's see.
I'll be going with low amount on the fall.
Happy Trading Good Luck
FTT bull caseFTX Token is trying to break out of this falling wedge (yellow) and may be forming Inverted Head and Shoulders🤷 on the Daily timeframe. If price breaks the falling wedge upper edge and then the Neckline I think there is chance for run to 68 and even higher. Actually in anticipation of this happening I'm already looking for buy signals on lower timeframe (2h) and I see another potential Inverted Head and Shoulders in the making:
Once the Neckline of this smaller iH&S (2h)☝️ is broken I will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above) as shown on the 2h TF picture.
ENTRY : Backtest of the broken Neckline (2h) @ 43.5
STOPLOSS (SL) : Right Shoulder (iH&S Daily) = Head (iH&S 2h) @ 37.3
TARGETS (TP) : Inverted H&S target projections @ 49.5 & 68
REWARD RISK RATIO (RRR) : 1 & 4
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FTT bull flag breakout and HL forming!FTT/USDT
FTT has broken out of a massive bull flag on the HTF, having started an uptrend putting in a new series of higher highs and higher lows and forming the next higher low as we have corrected into daily and weekly demand zones.
Price corrected into a supply to demand flip with a high volume bottom before reversing trend and flipping bullish. RSI on weekly looks reset above the MA with bullish divergence and starting to curve up and could be the start of a massive move in line with the HTF as structure and orderflow has flipped bullish on the weekly
FTT 4h resistance breakout + RSI DIVERGENCEa good 1D closure above the 4h resistance level , with this RSI bullish divergence would be a signal good enough for me to enter this with a good long which would see 48 (and 51) as targets
stop loss around 41
let me know what you think about this
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FTTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
The daily time frame shows the price oscillating under the first resistance line. In addition, a Butterfly Pattern has been shaped which can prompt a pullback to the green support line and an acceleration to the upside in consequence. In this case breaking through the first resistance line would provoke a rise towards the second resistance area.
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