There are emerging signs of a bullish divergenceIn the 4-hour chart for FTM, there are emerging signs of a bullish divergence, indicating the potential for a shift in market sentiment. The price has reached a key support zone between $0.38 and $0.4, which is recognized as a strong level that could prevent further decline.
If the price finds stability in this support area, it could lead to an upward movement, targeting higher levels around $0.44 and $0.49. The formation of the bullish divergence adds to the likelihood of a positive reversal. This makes the current zone crucial for monitoring as it might offer a good opportunity for an upward move if the support holds.
Given the current technical setup, keeping an eye on FTM is advisable, as further bullish confirmations could lead to a significant move upwards. However, if the support fails, the downtrend may continue, making it essential to watch how the price reacts in this area.
Fantom
Fantom | FTM & Andre Cronje FTM jumped 300% since Defi father aka Andre Cronje is back as vice president of memes at the fantom foundation! wait a what...
FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.53 today with a 24hour trading volume of 315 million dollar. This represents a 4% price increase in the last 24 hours and a 11% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. .on Jan 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network and ftm whales use every opportunities to accumulate as much as they can
since we published our first ftm chart and hit all targets - 100% gain - its time to look at the chart again and set new targets.
The daily EMA showed bullish signal at 0.35 and it shows the down trend is over. RSI shows bulls are in control. ftm successfully broke ascending triangle at 0.23 and broke 0.29 and 0.31 resistance as well. next targets for FTM are 0.57, 0.59 and 0.63$ and if you trade with btc pair ftm broke 000016 resistance and heading to 000018 and 000020
Crucial Points To Prevent Further Price DeclinesBINANCE:FTMUSDT FTM is trading within the $0.46 to $0.48 support range. These levels serve as crucial points to prevent further price declines. If the price stabilizes within this range, there is a potential for an upward move.
Potential Scenarios:
Maintaining Support and Moving Upwards:
If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives.
Breaking Support and Continuing the Downtrend:
If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
Fantom (FTMUSDT) Bullish - 1st Target Done!Fantom coin (FTMUSDT)
Got an entry at 4049
Stoploss - 3322
Trailing Stop Loss at 3997
Upper targets (Resistance) - 4947 - 6399 - 7852 - 8750
Good luck traders! God bless you!
FTM ANALYSIS (4H)From where we entered start on the chart, it seems that FTM is forming a diametric pattern.
Soon it seems that FTM will enter the G wave.
In the supply range, look for sell/short positions and in the green range, you can look for buy/long positions.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fantom: Come Back!We primarily expect a return into our orange Target Zone (between $0.3220 and $0.1866) before the orange wave v and thus the green wave comes to an end. After that, a sustained rise above the resistance at $0.54 should occur. However, as the price had already approached the range, the technical minimum requirement for the correction low has already have been met. Should we now see a rise above the resistance at $0.54 (33% likely), we will thus have to see the price in the orange-colored wave alt.i.
FTM buy/long setupWe have a bullish iCH on the chart.
A liquidity pool can be seen above the chart.
The price has not reached the main supply and the internal structure is still bullish.
FTM is expected to move from the demand box to the supply box.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Price Correction from the Resistance ZoneFTM is currently near the $0.40 to $0.42 resistance zone. This zone acts as a critical resistance in the chart, and a price correction from this area towards lower levels is possible.
Potential Scenarios:
Price Correction from the Resistance Zone:
If the price fails to break through the $0.40 to $0.42 resistance zone, it is likely to move towards the $0.35 support level. This support level can act as a key point for a potential price rebound.
Breaking Resistance and Continuing the Uptrend:
If FTM can break through the $0.42 resistance and stabilize above it, this move could signal the continuation of the uptrend, with the price moving towards higher levels.
Fantom FTMUPCOM:FTM is still in a bearish trend.
A confirmation for a beginning of a wave C has happened in my view, therefore an impulsive wave with 5 inner waves shall happen.
Passing above $1.2776 invalidates the idea.
I expect the bearish move to end between $0.0772 : $0.0314 according to the Fibonacci retracements 50% & 61.8%, but precisely at $0.0606 due to the 100% Fibonacci's extension from the wave A up to wave B.
- Note: Taking the Fibonacci retracements & extensions targets as accurate or precise numbers is wrong. They're just used as guides to where the price is expected to bounce from or to go to.
Bitcoin Heading to "Mini" Crash in Aug to SeptBitcoin will trading around 50k again because rejection on local resist and CME gap also still open than better to retest on support and trendline
48-50k is programmed
Alt coins will die like Fantom, Aptos, Algo, Ape, etc
FTM (Fantom): Approaching SupportTrade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and pulled back to $0.40 support that held in early July. If it breaks below that, it could resume its downtrend and revisit $0.30 next.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.50, then $0.62.
FTMUSDT Will This Bullish Reversal Hold?Yello, Paradisers! Have you been watching #FTMUSDT closely? This analysis could determine your next big move!
💎#FTM is showing promising signs as it bounces off the demand zone, forming a double bottom a classic bullish reversal pattern. However, the key question is: Can FTM break through the descending resistance trendline, which has been rejected it three times already.
💎For FTM to switch back to bullish momentum, it must break through the descending resistance. A successful breakout will likely lead to a significant upward move towards our target strong resistance area.
💎If FTM fails to break the resistance, it may test the demand zone at 0.386 again. This could either create new momentum or form a triple bottom.
💎 If FTM breaks below the demand zone and heads toward the key support area, it would be a concerning sign. The key support at 0.309 is critical; a daily close below this level would invalidate the bullish scenario and suggest a higher probability of further downward movement.
Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Fantom Struggling To Hold Support And About To Print Strong BearFantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment.
Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will see a breakout soon.
Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why:
FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop.
In case of a drop, the next support sits at ~0.35.
Why Fantom Faces The Risk Of A 20% Drop!In this video, I take a look at the Fantom (FTM) chart and discuss the bearish scenario of a 20% drop.
The analysis is based on trend line but especially on the Ichimoku trading system. In particular, I pay attention to a potential bearish cross of the Tenkan and Kijun lines that is about to happen below the Ichimoku cloud.
Tune in and let me know your thoughts!
Just recovering | Short BiasOn 4H TF
FTM is pulling back to Golden Ratio that is also the confluence for resistance
I expect BINANCE:FTMUSDT will hit and reject this zone
Can trade on lower timeframes
Time will tell
VERY BULLISH ON FTM. Do Not Miss!High Time Frame POC tapped, Weekly level tapped, previous daily high broken, RSI Oversold, Double bottom pattern, high volume node above (Target) 22% away.
Chart looks bullish long term.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
FTM (Fantom): Approaching SupportTrade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and failed to stay above $0.50 resistance, which would signal trend reversal. If it breaks back above $0.50, it could revisit $0.60 for a +20% gain.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.50, then $0.62.
Fantom FTM Still in "Mega Downtrend" or something "Mini Rug"FTM with Sonic (just only) narative wont affect the market up, and now Fantom team gaining exposure with "Meme" (trash) contest when in outside market "Meme" also crash.
Fantom will more rug in Aug till Sept
FTM is looking good on a pull backFTM has a good set up. I will accumulate on a pull back to 0.47 and below. I put my targets on the chart. This is a weekly chart so this will take a few months to play out. This is not a financial advice. DYOR.
Is FTM About to Explode or Crash?Critical Support Level in FocusYello, Paradisers! Have you been watching FTM/USDT lately? The market is buzzing, and it's time to dig into the action!
💎#FTM is making an interesting move, showing a high probability of a bullish continuation from a strong support zone. We've seen Fantom consistently respect the descending resistance, and now the price is approaching a key support level $0.5499. If the price successfully holds momentum, there's a great probability that UPCOM:FTM will ride bullish from this level.
💎The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level.
💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from support $0.5499 and loses momentum? This would clearly indicate that seller sentiment is in control, and #FTM could drop significantly.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay smart, stay safe, and let's conquer the market together!
MyCryptoParadise
iFeel the success🌴
FTM (Fantom): Falling WedgeTrade setup : Price is in a downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout, ideally above $0.50 resistance, with +20% upside potential to $0.60 thereafter. Learn to trade key levels in Lesson 7.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.62, then $0.80.
20% Incoming?!? It looks like it!If we manage to hold this level, there's no doubt in my mind that the next target will be the daily level above which is around 20% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market.
🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain.
⌛️ Weekly Timeframe
In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support.
📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation.
📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops.
📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy.
⌛️ Daily Timeframe
In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position.
🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future.
💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
