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Ftxtoken

FTX TOKEN - Will Sam get Fried?FTX Token is at a pivotal point where a small move either way could determine the next moves. Bullish - As Binance is blocking more and more regions every week, customers affected must find another exchange which is where the FTX exchange comes in. If enough customers come on to FTX exchange, it could surge the price for the FTX Token. A break above the 61 level would confirm that the bullish outlook. Bearish - From a technical standpoint, we can see that there's a head and shoulders formation at play. For it to be a confirmed head and shoulders pattern, price needs to break the neckline. Will be watching this one closely!
by Altsignals
2
Sam Bankman : Hold my FTT !Salve , long time no see today I'm gonna talk about FTT token. FTT is FTX's exchange token Holders get a fraction of exchange fees, a fraction of the liquidation insurance fund, and can use the token as collateral and to get tighter OTC spreads on FTX. If you missed BNB at 60 you better don't miss FTT and you better HODL it too. Targets 65 - 70 - 75 - 80 - 90 - 99 Stop-loss 55 - 50 what do you think about the future of FTX exchange? what chart you like to see for our next idea?
Long
by amirsediq
2
FTT will be next BNBHello everyone todays Im going to talk about FTT token and why its important FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement. In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model. On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet. Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens. Targets 27 - 29 - 32 - 35 Stop loss 23 - 20 Do you think FTT can be more valuable than BNB in future?
Long
by UnknownUnicorn25270489
2
FTX Token Shows Strength As Uptrend Is Still In Tact-FTT Is up over 30% from its low in June -Price has respected an ascending channel for nearly 3 weeks -FTT must break & hold its mid term trend to be set free FTX token had an amazing run the last year as it rose over 2000% off its low. FTT fell victim to the trend of the market and has fallen over -50% off its ATH. FTX crypto exchange is becoming a widespread name as it nears the top 3 cryptocurrency trading volume in the world. The strong correlation with FTT & FTX exchange has likely held prices higher as there is utility involved with FTT, similar to BNB & Binance. FTT has shown more strength than many alt coins which has investors peaking an eye on a potential stronger revival. FTX has been stuck within an ascending channel the last 3 weeks as traders fight for a strong breakout to either side. In the past week, FTT experienced a rejection at major resistance zone of $30.55-$31.95. Price must break & hold this mark to be set free for a shot to its first target of $34. Along with this resistance zone lies a mid term trend line (shown in black). Price must also break and hold this line for bulls to have a chance to start a stronger bull trend. At the time of writing, the 200MA has held the price of FTT from further downside. This moving average is also met with the bottom trend line of the 3 week ascending channel. If bears manage to take back control of FTT and break these two marks, FTT will have a drop to major support of $26.95. This would also break the 3 week trend line which would be a bearish scenario for FTT as it will likely experience further downfalls. While looking at the Stochastic RSI we can see strength has been coiling within the oversold territory. This may result in a large spike back above the 20 value which will likely send FTT back near $30. The regular RSI also is showing a slight bullish bias as it has formed a bullish divergence. A break above the 50 value on the strength would be the best scenario for FTT. FTT intraday levels Spot rate: $28.96 Trend: Bullish Volatility: Medium 
Support: $28 Resistance: $29.59

by CoinGape
1