This feels fairly possible.
We have a poor low, lot of liquidity rests there.
Given the macro conditions of the world, this becomes quite possible.
Take the liquidity resting below then a big squeeze to ~$160-170 is what I imagine.
Good luck
Chart formed the classic bart pattern we always see in btc. 58-59.7k is a zone of heavy resistance where we may see a pullback. Price can retrace to 56-55k.
Dont do futures. Only spot.
Looks like FTT against USDT broke out of an ascending triangle. Target out of the triangle is $68. Let's go🚀!
This is my publication #21. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FTX Token/USDT FTTUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
- Filling long entries on the breakout retracement of XTZ.
- Looks like Wave 5 is due and target is around 3.50-3.57.
- Manage your trade according to your risk management.
