What's up cryptonaughts! Hope everyone is having an excellent day!
I have been keeping an eye on exchange tokens and FTT is looking bullish AF!
We can see that FTT has been in a strong uptrend on the daily making higher highs and higher lows.
In this chart we can see that FTT broke out past the prior daily high with a nice volume spike and closed the daily with a very bullish candle!
Since then, we can see that price came back down to the prior high, then bounced back up.
In this image, we can see that stochastics have flipped up and RSI has entered the bullish control zone. They are both confirming bullish momentum.
In this chart, we can see the Fibonacci extension targets. I use these as price targets and they often times turn into support/resistance zones.
From a moving average perspective, FTT looks very bullish. We can see that price has not closed a daily below the 21EMA since 13th, December, 2020. I look at any touch of the 21EMA as an opportunity!
Support/Resistance Zones and Price Targets
$66.00
$57.00
$48.60
$40.00
$35.00
$31.50
$26.00
Potential Long Scalp Setups
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
I have been keeping an eye on exchange tokens and FTT is looking bullish AF!
We can see that FTT has been in a strong uptrend on the daily making higher highs and higher lows.
In this chart we can see that FTT broke out past the prior daily high with a nice volume spike and closed the daily with a very bullish candle!
Since then, we can see that price came back down to the prior high, then bounced back up.
In this image, we can see that stochastics have flipped up and RSI has entered the bullish control zone. They are both confirming bullish momentum.
In this chart, we can see the Fibonacci extension targets. I use these as price targets and they often times turn into support/resistance zones.
From a moving average perspective, FTT looks very bullish. We can see that price has not closed a daily below the 21EMA since 13th, December, 2020. I look at any touch of the 21EMA as an opportunity!
Support/Resistance Zones and Price Targets
$66.00
$57.00
$48.60
$40.00
$35.00
$31.50
$26.00
Potential Long Scalp Setups
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
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