Long
FTT great potential
#FTTUSD
With all the negative news surrounding #Binance recently, we have begun to see a shift in volume, moving from Binance into #FTX.
FTT is similar to what #BNB coin is to Binance ( exchange token that comes with benefits for holding it on that specific exchange)
In the coming months, I'm expecting to see FTX take more market share from Binance and other more prominent exchanges.
They have sponsored many high profile sports brands ( MLB, Miami heat arena + Esports
They have also recently completed a $900 funding which gives the company an $18Billion valuation
Looking at the technicals, the price has been in a clear re-acculualtion since falling below $35, with support currently located at $22
Price has also reclaimed the daily Point of control and is above the daily EMA ribbon, although I am still waiting for a bullish twist
Patiently waiting for the price to break above the accumulation zone and add upon the retest to target $45 and $70, although I believe the longer price will be a lot higher.
With all the negative news surrounding #Binance recently, we have begun to see a shift in volume, moving from Binance into #FTX.
FTT is similar to what #BNB coin is to Binance ( exchange token that comes with benefits for holding it on that specific exchange)In the coming months, I'm expecting to see FTX take more market share from Binance and other more prominent exchanges.
They have sponsored many high profile sports brands ( MLB, Miami heat arena + Esports
They have also recently completed a $900 funding which gives the company an $18Billion valuation
Looking at the technicals, the price has been in a clear re-acculualtion since falling below $35, with support currently located at $22
Price has also reclaimed the daily Point of control and is above the daily EMA ribbon, although I am still waiting for a bullish twist
Patiently waiting for the price to break above the accumulation zone and add upon the retest to target $45 and $70, although I believe the longer price will be a lot higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.