FTX FTT - The most bullish altcoin! Huge base + Elliott Wave

Jul 19, 2022

• FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB!
  
• We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low.
  
• My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here!
  
• If we take a look at the volume indicator, we can see a very low bearish pressure, so it's really good to see.
  
• Out profit target can be 0.618 FIB extension from Wave 1 -> Wave 2, but this is just a projection for now.
  
• FTX exchange is growing really fast and there is a lot of demand for the token.
  
• Look at my ideas about interesting altcoins in the related section down below ↓
  
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