FTX FUD What Next ? Small Shakeout Or a Crash ?
Left Chart : FTT Coin
(FTX token) is dropped more than 10% after the news that Binance could dump their FTT holdings
Price now is testing the multi-year support level ($22 - $21) area that has nothing below. If rumors are true and Sam is unable to hold this support, this can drive the whole market down hard just like LUNA earlier this year
IF price breakout the red trendline it will turn very bullish for long term and ONLY worth buying after that
Right Chart : BTC
I marked the most important local levels for BTC in current zone, first one is 20.8k and second one is 20k
IF BTC could hold these supports we are fine and this is just a small shakeout before the real bullrun
IF BTC loss 20k again the chance for breaking 17600$ is higher than any time before
Both chart works as an indictor for each other
The only thing can hold FTT right now is BTC upward movement
❤️Dont forget to support my work by press on Rockets button ,follow and Share with me your opinions and questions in comments section below❤️
(FTX token) is dropped more than 10% after the news that Binance could dump their FTT holdings
Price now is testing the multi-year support level ($22 - $21) area that has nothing below. If rumors are true and Sam is unable to hold this support, this can drive the whole market down hard just like LUNA earlier this year
IF price breakout the red trendline it will turn very bullish for long term and ONLY worth buying after that
Right Chart : BTC
I marked the most important local levels for BTC in current zone, first one is 20.8k and second one is 20k
IF BTC could hold these supports we are fine and this is just a small shakeout before the real bullrun
IF BTC loss 20k again the chance for breaking 17600$ is higher than any time before
Both chart works as an indictor for each other
The only thing can hold FTT right now is BTC upward movement
❤️Dont forget to support my work by press on Rockets button ,follow and Share with me your opinions and questions in comments section below❤️