Accurate analysis of asset #FTT

The FTT asset is showing some interesting technical patterns on the chart.
$FTT

Support: The price found strong support in the area of ​​1.29-1.51 USD. 💪

  • Resistance: Significant resistance is visible at 6.05 USD. 🚧

  • Indicator: EMA (25, 99) show a bearish trend, which is confirmed by their descending lines. 👇

Current observations:

  1. Uptrend: Despite the bearish trend in the long term, the recent rise in price to 1.78 USD (+14.44%) shows that the bulls are starting to gain strength. 📈

  2. SAR and Ichimoku Indicators: The SAR is showing a bullish signal, however the Ichimoku cloud remains bearish, indicating potential corrections in the near future. 🌥

  3. Trading volume: Trading volume is above average, indicating high interest in the asset. 📊

Forecast:

  • Bullish Scenario: In case of a break above 1.78 USD, the next target could be 2.50 USD and then 6.05 USD. 🚀

  • Bearish scenario: If the price does not stay above the 1.50 USD level, a pullback to 1.29 USD or lower is possible. 📉

Recommendations:

  • Short-term traders may consider entering on a break above 1.78 USD with a target of 2.50 USD.

  • Long-term investors should be cautious and keep an eye on the support level at 1.29 USD.

Remember, always use stop losses and manage your risks! 🎯

Inflow and outflow of “smart money” in FTT cryptocurrency

At the moment, there is no specific information about the inflows and outflows of smart money in the FTT asset. However, by analyzing trading volumes and price movements, we can draw conclusions about significant investor interest in this asset.

#cryptousdua $NOT

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