FANTOM- Double SupportFantom seems to be normalizing over 30 cents with 2 support levels co-existing just above the rounded number.
At this stage and given that BTC could finally break higher it could be time to look at FTM for new Long positions here.
Then again i would be out under 30c and wait to buy again at 27 or lower... nobody knws what tomorrow brings.
One Love,
The FXPROFESSOR
Fantom
Fantom (FTM) - August 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(FTMUSDT 1W chart)
The interval 0.3661-0.4874 is the interval that determines the trend.
So, the key is whether it can move higher than 0.3661.
- As the Stoch RSI indicator is falling, it is necessary to check if it is supported above 0.2665 when it turns upward.
If it doesn't, it's expected to drop to around 0.1280.
(1D chart)
The HA-Low indicator is showing signs of going up.
Therefore, it is important to be able to rise above the HA-Low indicator point and above the 60 SMA line.
If the climb fails, you should check to see if there is support around 0.2665.
If not, it should be supported in the 0.1892-0.2372 interval.
- Since the RSI indicator has not yet moved out of the oversold zone, it is natural for further declines to occur.
However, as the Stoch RSI and CCI(9) indicators are out of the oversold zone, and the Stoch RSI indicator is showing an upward trend, it can be said that there is a possibility that it will rise further.
At this time, what is important is whether it is supported or resisted at the HA-Low indicator point, the 60SMA line.
When using most indicators, what matters is how they perform at support and resistance points.
Therefore, the ability to establish support and resistance points should be a priority when studying charts.
Prices can always go up or down.
Occasionally, there are people who comment on such things.
That's natural, but if you don't know the settings for support and resistance points and the movements at those points when you look at the chart, it's just a comment accusing you of being a worthless analysis.
At the heart of chart analysis is neither Elliott wave nor trend.
The most important key is support and resistance.
This is because the win or loss of a trade is determined by what kind of trading strategy you make at the support and resistance points.
You might ask yourself whether you need to know how far to rise or how far to fall before you can create a trading strategy, but it is not.
At the heart of your trading strategy is whether you can create a way to reduce your losses.
If you can't come up with a way to reduce your losses, you shouldn't even start the trade at all.
The MRHAB-T indicator used in this chart is a private indicator, but if the chart is shared, the indicator can be used normally.
Among the indicators included in the MRHAB-T indicator, indicators are included to indicate support and resistance points.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
FANTOM- Not The Best Cgart atmUpdated Fantom chart not looking great at this very moment.
Bitcoin will need to pick a direction soon and we must be prepared for everything but Fantom is not my main focus as other charts (that i poisted) are performing and looking better at this stage.
Support at 0.278 is valid if 0.29 breaks.
Everything is possible.
One Love,
the FXPROFESSOR
FTM Scalp long - Time to rise babyTake a look at this beautiful setup!
⭐️ BTC looks bullish
⭐️ Accumulation 3 days
⭐️ Domination looks bearish
⭐️ We have volume at bottom, someone is holding the price
⭐️ 4th approach
⭐️ Over VWAP
Will enter when price makes a trap, then slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
FTM - LONG Still valid, but close!Long position still valid, TP'd once already but leaving the position open until stopped out / invalidated. Otherwise this turns around and I will TP2 / TP3.
At the least I made profit one the original trade idea, it is not about being right it is about making $ and having invalidations.
Weak market across the board, it's likely I get stopped out but I am happy with the trade at this point no matter what.
This is why you have lower TP targets and ladder them up!
FTM- First 'buy The Dip' Chart todayH everyone,
FTM chart, on support and over 30 cents.
I am Long over here with SL comfortably under 0.295.
On the run and under pressure over here, catch up later.
One Love,
The FXPROFESSOR
📊 FTM is so weak! Let`s make a profit on shortHi friends! Today BTC fall for 6% that push the price of altcoin lower also.
As you can see on the chart, the FTM can make some pullback after reaching the support area of $0.23-0.29. The target to pullback will be another value area which become the resistance. It`s the $0.335-0.37 value area.
At the pullback we have to pay atention to the volumes. Also this scenario will be usefull for someone who use DOM and Footprint. When the FTM reach this value area, we can identify the price levels where the big players sell crypto. Using this information we can also open a short trades with short stop loss above the big players sell orders.
📊 Preconditions to open a short:
1. pullback to the $0.33-0.37 value area
2. volume growth which confirm the sellers presure to push the price lower
3. BIG sell orders on DOM and Footprint. The whales open their shorts to make money on the dump
4. bearish BTC
🔥Target is the $0.23-0.27 value area. There is the potential reversal point to long or the price continue it`s fall to new lows! So stay tuned to not miss the updates.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
FTM; we MAY have hit a new range bottomFTM; we MAY have hit a new range bottom
got my beady eye on this mofo
maybeeeeee range bottom here; looks very similar RSI pattern wise. would make quite a bit of sense to get some relief soon after all this bloodshed and misery that has been inflicted.
im quite hung over so thats it.
ps ; read Arthurs latest blog article. VERY good imo.
THIS IS NOT A BEAR SEASON IF YOU COLLECT 40%fantom has found the bottom very well and now trying to revamp to previous levels. This week will be a recovery week imho
FANTOM- See You at 48 centsHi everyone,
Professor here and time for announcements:
I have decided to take it easier with charts for the next period and focus on education.
In my time here at Tradingview I have met a lot of (mostly) nice people striving to 'find out' what will happen next and how they can trade and make money.
💭 Allow me to say that the vast majority (90%+) fail to do anything good with the information they receive here:
- People don't realize that analysis (either Technical or any other kind ) and predicting 'what will happen next' is just not enough. Ever.
- I would say that Prognosis (right word for what you think is Analysis) is less than 20% of the success
- People don't know How to trade . (So why even look at charts? It won't help you much)
- Even traders with experience and knowledge..it's what they want them to know thus they struggle too
- The understanding of Trading that the average Trader gets from what's online is just WRONG
- Not knowing is fine. 'Knowing'' something that is fundamentally wrong is Bad news (exactly the case with some here)
- People do not know how to MANAGE their positions. That's number 1 issue
- They (and probably YOU) don't know how to manage yourselves, your emotions, your budgets or the market. That's the main issue.
👉 So why keep posting charts so often when the problem is something different?
There are TONS of material out there but I have seen nothing that meets my criteria and can actually help new traders in a simple, understandable, structured way that can work.
💡 So i decided to take some time off and create exactly that:
An easy to understand Method that works for beginners. Look for it in September.
I will be Back,
The FXPROFESSOR
FTMUSDT - Double your moneyHello traders.
I will start by saying this is not financial advice, which is my pure prediction on how the crypto market will move in the following weeks.
My idea is based on the fact that BTC will go bullish up to 28-32k before it drops to 18k and then even more.
I think we will go down to 8-10k until December, but let's see.
As I'm expecting BTC to go bullish in the following days, I will invest in FTM because it is a good project with excellent potential, and I can easily double my investment.
After I exit my position at around 0.7$, I will go short if BTC hits 30-32k.
What are your thoughts?
Fantom Bullish Expending TriangleFantom Bullish Expending Triangle Next Resistense 0.3840 And Then 0.3880
Support Maintain 0.3660
FANTOM:D1Hi my friends
.Important levels are drawn on the chart
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will be glad to see your ideas in this post
.🧲Follow me to see more analysis
FTMUSDTHello my dear friends
I hope we will have a profitable week together (:
Considering the specified ranges and the ascending wedge pattern at the end of the upward trend and the negative divergence of RSI, it seems that the possibility of correction to the blue range of $0.2657 is not out of mind.
Please keep in mind that if you want to trade with this analysis, you must place the loss limit above the blue range, for us the priority is the range, not the technical pattern.
We would be happy to hear your comments
Fantom FTM Entry Range, Take Profit and Stop LossFTM/USDT
Entry Range: $0.39 - 0.43
Take Profit 1: $0.57
Take Profit 2: $0.71
Take Profit 3: $1.13
Stop Loss: $0.31
Fantom (FTM) - August 13Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(FTMUSDT 1M Chart)
The interval 0.3661-0.4874 is the interval that determines the trend.
Therefore, the key is whether it can rise above the 0.3661-0.4874 division.
(1W chart)
If it drops from 0.2665 and is resisted, you need a Stop Loss to secure cash.
- It has been 4 weeks since the RSI moved out of the overbought zone, and the Stoch RSI has entered the overbought zone.
Therefore, holding the price above 0.3339 is expected to lead to an attempt to break above 0.4874.
(1D chart)
The key is to find support at the 0.3661-0.4874 range and move higher than 0.5835.
Failure to do so, and if it falls below 0.3339, a Stop Loss is required to secure cash.
However, it is supported and can rise near the 0.1892-0.2372 section, so you need to think about countermeasures.
It is located at a price point that is not easy to respond to.
It can be seen that it is almost at the bottom, so if you can withstand the price fluctuations, you will make a profit.
Even so, it is recommended to obtain cash income or increase the number of coins (tokens) held by taking appropriate measures.
If you can lower the average purchase price together through this, you will be able to get better results.
The idea that mid- to long-term investments are not short-term at all is a bad idea.
You need to take psychological stability by lowering the average unit price of purchases in short-term trading or by adjusting the proportion of investment according to price fluctuations.
If not, there is a possibility of selling under the psychological pressure when a full-fledged uptrend is about to begin.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
FTM - Once A Beast, Always A Beast!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
FTM rejected a strong demand zone so we will be looking for buy setups on lower timeframes.
on DAILY: FTM formed a valid inverse head and shoulders but it is not ready to go yet.
For the bulls to take over, we need a momentum daily candle close above the gray neckline.
🎯Targets => Our first resistance / target would be around 1.0 so I will be monitoring price action there.
If we break it upward (purple projection) then a movement till 2.0 would be expected.
Meanwhile, until the buy is activated, FTM can still trade lower inside the demand zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The previous targets reached so far🚀 Check the new one!Hi friends! Fantom is continue it`s growing. As many other alts, it will copy BTC and will grow till BTC grow. As a traders we have to identify the best entry point to get highest RR and make a profit. Let`s try to identify the best one!
📊 The value area of $0.33-0,37 become the huge support. If the price make a pullback and volume will grow it confirm us the big player presence. As you know i use DOM and Footprint to identify the whales orders to open a trade with the short sl and best rr. So if big player apear at the pullback we open this trade.
🚩 If you don`t use that indicators you need to wait the squeeze to the trendline and try to open long at the breakout.
Of course, the price can don`t make a pullback and skyrocketing but it`s better to open only the best trades and trades withou clear setup especially if you are beginner.
Check this idea to get more experience in trading and understand the preconditions to open a long trade!
What is not so good as it seems? The volume growth at the highs of price. It seems like whales sales their crypto to retails. So if at the pullback i will see support by the big players it will be confirmation of upcoming pumps. Don`t miss it!
📊 The targets:
🔥 $0.52 - key level and even number
🔥 $0.67-0.81 - the closest value area ans resistance for the price
🚩 Friends, do you want to know how to use such indicators as DOM and Footpint? Check the links below the idea and learn it!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
FANTOM - Time to Shine AgainProfessor's outlook is positive on BTC ands cryptos for reasons you can see here:
BITCOIN - Bullish Outlook and Expecting a Breakout
CPI report released today and a 0,2% expectation for the month vs 1,3% last week is expected to be a 'good result'.
Last week Btc intially dropped on high inflation before rising. Volatility is part of the 'game' and so it will be today as well.
In any acse my outlook is Bullish for reasons I have explained before.
Chart.
Middle of ascending channel is holding nicely as support. That means i am a buyer today, going Long.
Major news/fundamental:
Cathie Wood of ARK Invest Says BlackRock’s Entrance to Crypto Could More Than Double Price of Bitcoin
Wood also notes another Bitcoin metric indicates BTC could actually surge even higher.
“The illiquid supply, according to our estimates, is about 14 million out of the roughly… 18-19 million Bitcoin outstanding… And by our calculations, only three million units are truly liquid. And so the demand – if we were to see a $1 trillion increase in demand – then it would probably drive the price up much higher than the doubling that I just mentioned.”
One Love,
The FXPROFESSOR
Longing Fantom!FTM
Taking a cheeky long here, sharp SL inside the OB and would likely just look to re-enter on a tap of the bottom of grey box if I get stopped.
Invalidation of this long below grey box, but again if I am stopped I will look to re-enter inside grey, just lower.
Take profits laddered up in 3's T1/T2/T3
Didn't have the greatest entry as I wasn't at my computer earlier and never set an order, would have liked just slightly lower in the grey box, but my theory stands.
Will update later.
Cheers
FANTOM - 40 CENTS THIS WEEK (50 CENTS NEXT WEEK?) 💹Market becoming Bullish early this week as you have been informed:
I think this time is ok to FOMO:
US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀).
BTC Technical analysis:
Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago).
Watch the video and take a look at THIS:
After the Falls we naturally get a lake
I think it ended up being Perfect.
One Love,
The FXPROFESSOR
Bearish Divergence 1h Fantom ( get +10% profit )Entry Price : 0.3740 area.
Targets and stop loss are specified.
good luck 😉
FANTOM - This could be Time for 40c (Or higher!)Some will say ' I Like your optimism Professor' but that's exactly what you said before 30 cents:
BITCOIN AND CRYPTO MIGHT PUMP ON GOOD USA DATA:
BITCOIN AND CRYPTO MIGHT PUMP ON GOOD USA DATA
Weekends have been very weak the past months but this could change. After all, crypto adoption is a trend. Not convinced?
well here it is: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin
News:
Interview – Fantom CEO Michael Kong on new Watchdog audit process for Fantom (plenty to explore here)
One Love,
the FXPROFESSOR