FTX Token (FTTBTC) just printed a very strong bullish breakout and this is giving me the feeling of upcoming, sustained long-term growth.
We can see a strong big candle today which puts FTTBTC above all my EMAs/MA.
The trading volume has been green for the past 3 days and the RSI is looking very good (these are bullish signals).
The MACD is printing a young bullish crossover and allows for additional growth.
We can easily see 35%+ coming out of this pair in the coming days/weeks but 85%+ is also possible mid-term...
---- Conditions for change This is an early signal since the daily candle is yet to close. If prices breakdown and close below EMA200/MA200, the above signals become invalid and a new analysis is needed.
Any trading above EMA50 and we remain strongly bullish on FTX Token vs Bitcoin.