chillguy

$FTT

We cannot say nor decide, that is for the market to take care of but, we have a bullish chart.

We can see a major low and bottom pattern in late 2023.
We can see a simple higher low in July 2024. Notice that the low in 2024 happened in July rather than August, which can be considered a positive signal as it detaches from the rest of the market. Those pairs that detach from the rest can move when the rest isn't moving.

This pair, FTTUSDT, has been growing since July but bullish momentum only started to increase in September. After September, we have a clear bullish wave and the week is about to close at the highest level since December 2023, yes!, a year ago.

In short, a weekly close above $3.45 and we have the highest close in a year. This would be a positive signal and can lead to higher prices.

We cannot say that we will get higher prices, we can only follow the chart. We prepare for higher prices, but we also prepare for a crash. How to do this?

Define resistance levels (targets) as well as support (stop-loss).
If prices go down, either hold long or close at a loss.
If prices go up, take profits.

Very, very simple.

Thanks a lot for your continued support.

Namaste.