⭕️BUY crypto FANTOM ; Now is the best time to Buy ❗️🧐🔰You see the analysis of the crypto FANTOM in four hours ( FTMUSDT , 4H) ❗️🔎
🔰BUY FTMUSDT at 1.0300
✅TP ; 2.0600 (+10300 pips)
❌SL ; 0.9180 (-1120 pips)
📊R/R ; 0.1 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰BUY FTMUSDT at 1.0300
✅TP ; 3.1000 (+20700 pips)
❌SL ; 0.9180 (-1120 pips)
📊R/R ; 0.05 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐) 🔥🔥
🔰Due to the price in the demand area and the fatigue that is evident in the price movement, if the price breaks the white downtrend line. Buying in this area seems low risk. The first target is located in the nearest supply area and the second target is located in the main supply area, which was previously the highest price for this crypto.💰👌
⚠️⚠️🔥Take a look at Phantom Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
Fantom
FTM ANALYSISOn daily timeframe chart is forming a "descending parallel channel"
If the candle closes below the major support zone of $0.74 then price will reach the weekly support zone of $0.5.
Wait for breakout of the resistance trendline of the parallel channel or touch to weekly support zone to build a position.
FTM/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.*
FTM has been droping for a while and it can drop even more. However with the low volume that is going on any trade is welcome. FTM is undervalued in the 1D chart and in the 4H chart so I am preety confident that in the short/mid term the coin will perform well. I don't think that FTM will run again so this is just based a lower time frame trade. MACD is also looking strong. I expect higher volume in the next hours so don't miss on this long oportunity. Be careful and don't trade with high leverage. Comment what you think.
* Its been a while since my last post and I apologise for that. I have been really busy in the past weeks and my next 2 months will be exactly the same. I didn't spend enough time to research for ideas that I think that are worth posting and with low volume trading became even harder. I will try to stream every friday but I can't promise anything. I am truly sorry and when I can I will make a huge comeback for sure
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:
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
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