$FTT / USD seeing similarities that may be enough to push to $51Hello Traders,
FTT is setting up possibly for a move to the $51-$53 range after flashing similar signals.
RSI bounce off of the 30 range, double bounce off of the trend line, and decreasing volume.
Social sentiment is also positive. As well as a lot of outflow from exchanges.
As we all know FTX is ran by SBF, sometimes it pays to invest in the ones running the company. (This should always be in your investment strategy).
Setting a stop-loss at the $35-$34, and take profits at $49, $51, & $53.
And this is not financial advice.
Good luck!
FTX
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 :) )
Long or short, up to youOn daily chart, we have the complete impulse wave at $85.
Easily, we can see FTX:FTTUSD which has been going down to $36 and pull back.
Why not the correction wave ABC, because wave C is over 1.236 Fib wave A. So that is the third wave.
Conclusion, we are waiting for the fourth and fifth wave.
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Open long order or short order, up to you.
Wait and see!
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Long OKB for Full cup and Handle Pattern OKB has full formed a curve for the cup pattern, retesting previous resistance as support near the 29.9-30 levels.
Now we use the fib levels to extend for a TP target at 1.618 level at 39.39
We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level
Volumes also show buyers trying to break the 33 resistance level, with at least 6 touches already on the 1H
MACD crossing over to upside with momentum.
TP 39.397
SL 20.0895
Very favorable RR 2.56
$ATLAS/USD 8h (FTX) Ascending trendline on supportStar Atlas is up-trending and is very likely to bounce on 100EMA to continue bullish after.
Risk/Reward= 1:1.6 | 1:3.44 | 1:5.54
Expected Profit= +24.26% | +52.15% | +83.89%
Possible Loss= -15.15%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 1 month
Website: staratlas.com
Contract:
#SPL ATLASXmbPQxBUYbxPsV97usA3fPQYEqzQBUHgiFCUsXx
⚡️⚡️ #ATLAS/USD ⚡️⚡️
Exchanges: FTX
Signal Type: Regular
Current Price:
0.1701
Entry Zone:
0.1701 - 0.1583
Take-Profit Targets:
1) 0.2040
2) 0.2498
3) 0.3019
Stop Targets:
1) 0.1393
FTX 170% profit incomingHello all. Here is a simple FTX Token analysis. (Can't buy on coinbase yet!)
Looking at the price on daily chart, we see that FTX is trading in the fib golden pocket at $44-$46. This is indicated on the left side Fibonacci retracement.
We can also see that FTX found support on the ascending line of support which is the bottom yellow line.
The 170% trade is possible if we buy FTX at this current price and sell it at $128 which is the 161% Fibonacci retracement level (indicated on the right side).
It is possible that we see little more pull back around $40 which will correspond with our descending line of support.
Thanks for reading, and stay tuned. Happy Thanksgiving.
What is FTX ? Here is an educational youtube video for you.
www.youtube.com