Fantom
FTM CORRECTION INCOMINGFTM has seen a lot of growth the past few months, however it is due for a correction.
Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave,
should we get that same retracement, FTM will be on a discount price at just below $1
Coupled with the bearish Divergence it seems just about right to me.
Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility.
Hope this helps.
FTM Fantom: Is A Major Correction Coming?Hello friends, today I am completing a technical analysis on the 4H linear scale chart for Fantom ( FTMUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted.
#CryptoPickk notes the following:
1) Fantom price has had a major run in 2021 with the price reaching an all time high in October 2021. The price has corrected since that point.
2) The price recently completed a Head and Shoulders Pattern with a potential break down possible from this point.
3) The measured move of the Head and Shoulders Pattern brings the price down to $1.25-$1.30 which is a 37%-38% correction from current price levels.
4) If the price makes it down to the $1.25-$1.30 level, it would re-test a multi-month trendline (in yellow color).
5) That price target around $1.25-$1.30 has had multiple months of support as shown in the purple color rectangle box.
6) The Volume has been weakening month over month.
7) The RSI (relative strength index) has the ability to drop further as shown on the chart.
8) If the price rebounds up from the Head and Shoulders Pattern, the idea would be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
FTM is getting closer to the breakout pointI'm bullish on Fantom. Looking at the big picture, it's in a bearish trend for now, but is getting closer and closer to the breakout point, which should take no more than 7-9 days. The breakout should be the start of an overall bullish trend on FTM. The nearest target after the breakout is 2.7 and further onto ATH.
FTMUSDT area of interestTP 1: 2.63148
TP 2: 2.94259
SL 0: 2.03113
Fantom Price Performance Statistics
How long has Fantom been trading?
Fantom has been trading for 37 months (3 years) now. According to our records, it started trading on Tuesday, October 30th 2018, for a first price of $0.0144.
How volatile has Fantom been over the last 30 days?
Fantom's 30 day volatility has been 35.79%.
The higher the volatility, the higher the risk and/or potential gains can be for a certain coin, since the movement is stronger for the time period in question.
How volatile has Fantom been over the past week?
Fantom's 7 day volatility has been 17.29%.
Accumulation period for FantgomGo Again. BUY!!!It's back to accumulation, this month is going to be full of news for fantomgo. As the team is preparing for the first Ido to be launched on Ftg. As the only fantom Based launchpad, it's going to be as large as superfarm
Fantom Can Pump % 125 ?????Hi
have a good day
The Phantom is in a good area where I can expect it to start moving upwards and achieve its goals.
Put the Phantom on your watch list these days
what is your opinion ?
This is a personal analysis and not an investment signal.
IF you can Follow me on other Social Media.
be happy
FANTOM- On The RiseWeek has started so nicely. Indices seem to be recovering early this morning (Asian morning. Markets is open in Sydney now).
Fantom offers us high expectations for a rise to 4$ and higher.
Lets go FANTOM!
(from their website) :
''Opera is a secure and fast environment to build decentralized applications. It is fully permissionless and open-source. Powered by Fantom’s aBFT consensus algorithm, it leverages its speed and fast finality, and is ready for real-world applications with no risks of congestion or long confirmation times.
The Fantom Opera mainnet is compatible with the Ethereum Virtual Machine (EVM) and provides full smart contracts support through Solidity.
We designed Opera to overcome the limitations of older generations of blockchains, keeping the compatibility with Ethereum for seamless dApp porting.''
First time I looked at this and I thought: BLA BLA BLA ... Can they walk the talk?
10 months later I can tell you this: Fantom is FANTASTIC and Opera is great: speed and low transaction costs.
This is my personal opinion and apparently more people with good repute seem to share this view.
ps. Fantom has some kick ass new projects that we are looking at right now. Do some research, it might lead you to some great gems.
One Love,
the FXPROFESSOR
FTM long! The profit-to-loss ratio of the Fantom is excellent!
It is also excellent in terms of fundamentals and experts of blockchain have praised it a lot.
But before buying please read this.
We might be just before the last upward wave of Cryptos till to the next BTC halving, equally, we might be just at the end of the upward wave!
*************************** ATTENTION *********************************
In my view, the price of bitcoin is in an unclear position!
It may go up, it may go down, the probability of both is almost equal.
Enter the market with very small volumes.
Do not forget that we have received our profits from the crypto market before!
Do not lose all those profits!
please read my latest view to BTC
ATTENTION again!
Follow the principles of capital management.
Pay attention to your strategy.
No analysis is 100% accurate, even if it sounds perfectly good.
You are responsible for your own trades, so do it carefully.
Cryptocurrencies are volatile and have been highly correlated with bitcoin in the past
Fantom Grows by 12,400% Since January | Long-Term Winners!Fantom (FTMBTC) is not to be outdone by the other big winners and has grown a massive 12,400% since January 2021, WOW!
The way the chart is looking now there is room for additional growth.
I am sharing these charts today in order to try and bring some awareness into the bigger picture.
We need to think long-term.
Plan long-term.
Trade long-term if we want to win in this game.
When you really have experience, 3-5 years earning trading Spot, you can move up to margin/leverage/futures and so on.
But, you need to be successful being patient first.
If you can't make money in 3 years you won't be able to make it in 24 hours.
People want to make money fast, earn within a week and sometimes in just a few days, that's their idea.
But instead they have been losing money for years and there is absolutely no gain.
Focus on getting out in profits first, regardless of how long it takes.
Once you have been a winner for long, you can consider winning right away.
Namaste.
😻FANTOM + 123SWAP = Polkadot Level or Higher 🧙👻Forgive my Big mouth but this is just my humble opinion:
Fantom will rise simply because it does much better things in a better way than other cryptos... for example Polkadot (I got tired of using XRP for this kind of comparisons).
Lately I have been using such comparisons frequently, I think it is something you should do too.
News: finance.yahoo.com
Fantom and 123swap make a huge announcement that 123swap's uniquely designed framework, which is non-custodial, cross-chain, and decentralized, is now integrating with Fantom blockchain.
123swap platform is growing with tremendous speed as it adds 1-2 blockchains every week; there is a considerable addition. We are the rapidly increasing multi-chain DeFi which is still in its initial stages. We recently completed our seed round, and now we are in our private sale, which is going very well, and we have a few seats left!
123swap platform has a distinctively decentralized, non-custodial, highly innovative cross-chain framework, and now this platform has made a colossal collaboration with the Fantom blockchain, which provides a beyond comparison ecosystem of essential projects essential applications. The cooperation of these two industries will power up the future of DeFi with the development of a uniquely decentralized cross-chain app.
You may also look at our ideas below for more info on the Fundamentals of FANTOM..
Or just give it a go and try the Fantom Opera network..you might be impressed.
the FXPROFESSOR 🧙
FTM potential to increase 90%#FTMUSDT
$FTM hold the support zone and head up yo resistance zone between 0.5 and 0.618 fib levels of last swing down, as you can see so many resistance lines meet in that zone.
if success to break out from resistance zone we will see a jump to $4.5.
but if reject from resistance zone, still the long term ascending support is there to catch the price.
FTMUSDTFtm duzenlemesini bitirdi ve W (ikili dip) formasyonu olusturdu.Ikili dibin verdigi hedef 2.70
Onumuzde 3.48 den gelen alcalan trend (kirmizi) yani direncimiz var onu kirdigi halde yeni ATH seviyesine gidecektir.
Eger kiramazda tekrar asaga yonlu gelirse 2.44 bolgesi destek bolgemizdir (fib 78)
Ftm bu Cycle icin hedef 10$
YTD!