Wedge in accumulation, with strong support at $28.89.
The price can challenge the Ichimoku cloud at $24.75 and find a route to break the wedge.
Interesting setup, as from the top reached on September 9, 2021, from $85.74, until today, it corrected exactly 74.86%, which is clear the upward direction that this accumulative wedge will take, confirmed by the RSI indicating oversold.
FTT is a token used on FTX, offering many benefits to its holders such as lower trading fees and accessing a number of perks on the FTX exchange, or using as collateral to trade derivatives.
FTX’s increased public exposure, strong partnerships, and new protocol launches on the FTX exchange have made the FTT token successful.
Follows support and resistance in 1H time frame:
S : 23.42 / 23.35 /23.28
R: 23.63 / 23.72 / 24.04
The price can challenge the Ichimoku cloud at $24.75 and find a route to break the wedge.
Interesting setup, as from the top reached on September 9, 2021, from $85.74, until today, it corrected exactly 74.86%, which is clear the upward direction that this accumulative wedge will take, confirmed by the RSI indicating oversold.
FTT is a token used on FTX, offering many benefits to its holders such as lower trading fees and accessing a number of perks on the FTX exchange, or using as collateral to trade derivatives.
FTX’s increased public exposure, strong partnerships, and new protocol launches on the FTX exchange have made the FTT token successful.
Follows support and resistance in 1H time frame:
S : 23.42 / 23.35 /23.28
R: 23.63 / 23.72 / 24.04
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.