FTM - King of altcoins?
Updated
Ladies and gentlemen...
I have talked about this in our last video and with great pleasure i want to announce that we are going to cover Fantom more frequently in the future.
Originally our altcoin package consisted of Solana, Chainlink, Polkadot and Vechain, from now on Fantom will be a part of our updates too!
Additionally, I want to announce that we as Mendenmein Capital will start our own Youtube channel where we will cover a broader range of assets and in a more detailed way.
Now let's get to the chart.
Most Fantom holders have been crushed in the bear market last year, to put things into perspective, Fantom declined by nearly -96%.
It isn't surprising that most investors sold their positions at a huge loss, and I have seen people on here and other platforms such as reddit pretty much give up regarding this project.
Sadly, those circumstances are a perfect "Bottom-Signal" and the price skyrocketed by +300% in a matter of weeks!!
The momentum in this coin was astounding, and the price breached above the three important lower high's of the bear market. (0.33$ / 0.41$ / 0.52$)
More good news are pouring in regarding the fundamentals of this project, and we established a very clean bullish 5 wave impulse.
Everyone who wants to prepare for the upcoming wave (iii), the following information is very important.
We estimate that Fantom is establishing a bearish wave (ii) and we already finished wave (a) in a bearish 5 wave impulse.
This means that we shouldn't experience an overshooting wave (b) and the price should tumble below the last wave (a) low at exactly 0.40$!
We highlighted a buy zone on the chart which ranges from 0.41$ - 0.265$, we as Mendenmein Capital will start to accumulate coins as soon as this zone is reached!
We choose to share our long term chart with everyone on here below.
I have talked about this in our last video and with great pleasure i want to announce that we are going to cover Fantom more frequently in the future.
Originally our altcoin package consisted of Solana, Chainlink, Polkadot and Vechain, from now on Fantom will be a part of our updates too!
Additionally, I want to announce that we as Mendenmein Capital will start our own Youtube channel where we will cover a broader range of assets and in a more detailed way.
Now let's get to the chart.
Most Fantom holders have been crushed in the bear market last year, to put things into perspective, Fantom declined by nearly -96%.
It isn't surprising that most investors sold their positions at a huge loss, and I have seen people on here and other platforms such as reddit pretty much give up regarding this project.
Sadly, those circumstances are a perfect "Bottom-Signal" and the price skyrocketed by +300% in a matter of weeks!!
The momentum in this coin was astounding, and the price breached above the three important lower high's of the bear market. (0.33$ / 0.41$ / 0.52$)
More good news are pouring in regarding the fundamentals of this project, and we established a very clean bullish 5 wave impulse.
Everyone who wants to prepare for the upcoming wave (iii), the following information is very important.
We estimate that Fantom is establishing a bearish wave (ii) and we already finished wave (a) in a bearish 5 wave impulse.
This means that we shouldn't experience an overshooting wave (b) and the price should tumble below the last wave (a) low at exactly 0.40$!
We highlighted a buy zone on the chart which ranges from 0.41$ - 0.265$, we as Mendenmein Capital will start to accumulate coins as soon as this zone is reached!
We choose to share our long term chart with everyone on here below.
Note
Since we posted about this ongoing downtrend, FTM fell by more than -20% and we reached our buyzone.This count played out PERFECT, long-term investors should definetly start loading up the truck!
Note
The magic of retracements at work again, what seemed to be impossible just became a reality....I hope you guys stayed on top of this, may you all be rewarded plentiful!
Note
Nothing to worry about, in Fantom.We count the waves of the past weeks as a bullish wave (i) - wave (ii) setup. Currently we trade in wave (c) which should push us a little lower in the next days until we start with our projected bullish wave (iii)
Note
Gentlemen, it's time...We are going LONG, the following details might be helpful.
Long Fantom (FTMUSD)
AVERAGE EXECUTION PRICE: 0.412$
STOP-LOSS: NONE
LONGTERM TARET: +6$
Note
Congrats to everyone who followed this long trade, more than 27% gain in a matter of weeks!Wave (iii) should be active, let's see how fast we break above 0.65$!
Note
Dear subscribersWe are adding another position in Fantom to our altcoin portfolio, despite the ongoing struggle in the altcoin sector we are confident that a major trend shift will occur this summer and fall.
We are going long with the following parameters, a more detailed update will follow!
Long #2 Fantom (FTMUSD)
AVERAGE EXECUTION PRICE: 0.261$
STOP-LOSS: NONE | Traders can put their stop-loss slightly below 0.16460$
LONGTERM TARET: +6$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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