Fantom
FantomThe Fantom has two dynamic supports in the 0.639$ to 0.596$ price range, which is a relatively important area. In case of loss of the mentioned support, the next support area is 0.405$.
FTM trading setup idea! 💡The price is moving in a downward channel.
I expect more falling.
Market sentiment is bearish.
What do you think about this chart?
Breakout is everything at this moment, wait...Fantom is in falling wedge
BINANCE:FTMUSDT has a support at 0.95 and ascending trendline nearby
So WAIT for a BREAKOUT!
High risk high return!
Buy with SL below support.
Target at 2.1
FANTOM BEATS ETHEREUMWhile Ethereum struggles with high gas fees and the switch from pow to pos , Fantom is way more utile than ETH till they upgrade to ETH 2.0 maybe in 2023. For those who don't know about FANTOM here is a brief definition from cmc:
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum . Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization.
The bad news for this setup is the $BTC as always, we need this $BTC move inside the bear flag:
FTMUSD H4 FTMUSDT H4 , price can grow up to supply demand on 1.20
👤SecondChanceCrypto
📅27.april .22
⚠️(DYOR)
Thanks for your Likes and Comments
FTM pivotal pointRight now is a pivotal point in fantom's chart. One last support is available before ultimate capitulation and a dreadful crash.
FTM reverse head and shoulders#FTM/USDT
$FTM shaped an inverse head and shoulders pattern in daily time frame and we can see its fractal in right shoulder is another inverted head and shoulders in 4h time frame.
🐮 holding the support zone will increase price to neck line and then resistance zone around $1.4 to complete the 4h H&S.
🐮🐮 neck line of daily H&S is at target of 4h one so break out from this resistance will head up price to resistance zone between $2 and $2.3 to complete daily H&S.
🐻 break down from support zone will invalid this scenario.
FANTOM- 3 Doable Targets For Q2💎👻 FANTOM has had it's correction but support has now worked twice so let's look at 3 doable targets for the price, between now and June.
1,40 - 1,70 and 1,88 is what our chart shows but then again there is no guarantee for anything; this is just our chart here.
We will need to see Bitcoin rise for all these to happen and it looks possible today: look at our BTC analysis here:
Let's go step by step.
the FXPROFESSOR
FANTOM ; into Falling Wedge PatternThe Fantom has Formed a Falling wedge pattern on the its daily chart in the last few weeks so if the bulls could breaks upper trend line i think it will started a bullish move up to second major resistance as i've Marked by my red arrow.
Happy trading 🌷
Check out last my analysis
FANTOM- Time to Rise💎👻 We see support here and the market is attempting a rebound. Could this be FANTOM's time to shine again? Possibly!
Many first and second-generation blockchains like Bitcoin and Ethereum were not designed for scalability. They only prioritized security and decentralization. This resulted in slower transaction speeds in the network, especially when new nodes were introduced. For instance, a transaction on the Bitcoin blockchain network could take up to 15 minutes, whereas transactions in the Fantom network takes only a few seconds.
Fantom addressed the 'blockchain trilemma' of balancing speed, security, and decentralization using the unique Lachesis consensus.
The PoS process of Lachesis allows validators to create new blocks by staking their FTM, like any other PoS blockchain. But the critical feature of the Lachesis consensus is that the aBFT protocol allows nodes to create blocks independently.
The Byzantine Fault Tolerance algorithm allows for consensus even if there are faulty or malicious nodes in the network. Theoretically, it could handle up to one-third of faulty or malicious nodes without negatively affecting the network.
Therefore, nodes can reach consensus alone through a two-stage block confirmation process as long as they reach a two-thirds supermajority. This means there are no leader nodes responsible for creating blocks, which results in faster transactions while maintaining high levels of security.
The fantom network is more decentralized as the blocks in the network are independent. Every decentralized application runs on an independent blockchain structure that is connected to the Lachesis consensus.
The Fantom Opera mainnet utilises the Fantom Virtual Machine. This is Fantom’s software development kit that provides the framework to develop and deploy decentralized finance applications on the network.
In addition, Opera is also compatible with the Ethereum Virtual Machine (EVM). It allows developers to move their Ethereum based decentralized applications onto the Fantom network seamlessly and provides interoperability with the world's biggest smart contract-based platform.
Can Fantom dethrone Ethereum?
While Fantom is relatively young, it has a lot going for it, especially as a contender to Ethereum. It is more decentralized due to its independent blocks, and it takes 1-2 seconds to complete a transaction on the network. It is also slowly becoming a hub for DeFi projects. According to data from Defi Llama, in January, Fantom became the third-largest decentralized finance (DeFi) ecosystem in terms of total value locked in.
Let's see if FANTOM can get back on the right path now.
One Love,
the FXPROFESSOR
Two Key Levels: $1.5 and $1Two Key Levels: $1.5 and $1. I expect a bounce from $1.5 although $1 is a stronger support.
Not a financial advice.
FTM Fantom bounce from supportFTM is sitting at a strong support level.
I think it`s ready for a reversal to the $1.54 resistance.
Looking forward to read your opinion about it.
FTM USDT - LONG SHORT analysis Flag patternmy first trend analysis on FTMUSDT
we can see flag pattern on 1H time frame
now we should wait to see what happened.
FantomFTM/USD this is my idea for Fantom I saw 2 supports in this cryptocurrency im waitin for 1 Support 1.1500 if breakout in First support im buyin if not breakout im waiting for 2 Support 1.1000
FTM analysis in 4-hour timeframe LongThe $ 1 Fantom is well-supported, ready to jump up, but not as a pump.
If the number of followers reaches 100 this week, I will put pure analysis every day.
Follow fractal_analysis98
FTM falling wedge#FTM/USDT
$FTM can be inside a huge falling wedge.
🐻 price can drop more to lower line of wedge that is around 0.786 fib level.
🐻🐻 break down from lower line will drop price to support around $0.5.
🐮 holding the lower line can increase price to break out from wedge and head up toward resistance zone between $2.2 and $2.5.
Elliott Wave Analysis: Cryptocurrencies Can See Deeper PullbackHello everyone.
In this video, I will talk about cryptocurrencies, in which will cover Bitcoin miners' outflow who were massive lately, so miners want to sell or exchange bitcoin for something else. At the same time, I see an even "strong" Luna now in the late stages of an uptrend. It appears there is a chance for a deeper pullback on cryptos.
If you like the video, please press a like button below or leave a comment below.
Thank you.
Enjoy your weekend.
GH
FANTOM - Healthier Support than Most ALTSFANTOM had failed to go any higher and yesterday the dip brought it below it's key support level, which is now resistance.
In our last post we had stated that it would need to ''Break the 1,40 and FLY!'' :
All this after the Cronje incident:
Regardless, FANTOM remains one of our favorite and yet more promising picks, so here we go with a new Long position on a new support now.
One Love,
the FXPROFESSOR
Fantom FTM Price Targets and Stop LossFTM/USDT short
Entry Range: $1.47 - 1.65
Take Profit 1: $1.41
Take Profit 2: $1.28
Take Profit 3: $1.13
Stop Loss: $1.69
