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Fantom

FTM Fantom 1H - Something is brewingI am reviewing the Fantom 1H chart and noticing the price hovering around the bottom of the long upward channel. In the prior small descending channels there has been two touch points and then a breakout into a rising consolidating pattern before a parabolic breakout. It seems that we may gearing up to meet the top of the current descending channel before possibly the next leg up. The RSI shows that we may still get some possible short term downside price movement before a nice bump up. If we can meet the top of the trendline, we can make a good 15-20% gain. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. 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 #bitcoin #altcoins
GEMINI:FTMUSDLong
by MillionaireEconomics
FANTOM - Multiple Confluences Fantom is approaching a high value area where we can look for longs. We have the following confluences supporting our idea for BUYS. - Major trendline - Daily EMA which price is respecting - Structure which price has respected numerous times - 38.2 fibonacci Trade Idea: - Watch for price to reject the 2.48 level - Enter with stops below the trendline - Target recent highs for take profit If we do break the trendline and Daily EMA, we can switch our bias to short and we'll upload a short set up.
by Altsignals
4
FTM/USD FANTOM Fifth wave Target $6.00 Fantom looks like it is completing the 4th wave and may touch $1.90 before next move up to about $6.00 and possible blowoff top of $8 depending on how aggressive Bitcoin runs. Indicators are pointing to a short term correction maybe over the next week or so then onward and upwards to the top of wave 5 before any kind of consolidation correction. I will revisit when we get to that point and see if there is more steam left of if it has topped out. Thank you for checking out my charts and if you have any charts you would like me to look at let me know and I will do a chart analysis on it. Not financial advice just my opinion.
BINANCE:FTMUSDLong
by Bitgolder
9
🔥 FTM Perfect Reversal: $4 TargetA little more than a week ago I made an analysis on FTM. Here I argued that FTM was nearing a perfect reversal point on the crossover from the previous ATH resistance and the channel's bottom trend line. As expected, the price touched the $2.45 at the channel's support and saw a huge reversal. FTM is one of the major gainers of the last two days. Seeing that in conjunction with the current market outlook I'm confident we're going to see a new all-time high in the near future. First target at $3.45, the current ATH. Second target at $4. Happy trading!
Long
by FieryTrading
7
FTM 12h How much more strength and enthusiasm do buyers have?Trading pair FTMUSDT is probably one of the few, which in the last month is only growing, relentlessly, despite the trading maneuvers of the pair BTCUSDT. Let's try to understand what is happening now on the FTMUSD price chart. We can assume that an expanding triangle was forming on the chart from March to August, but usually such a pattern is formed on global highs or lows for a trend reversal. But on this chart, the price of FTMUSDT confidently broke through the upper boundary, and on the sharp correction of the crypto market on 07.09.21, the price of FTM fell by 39%. On the one hand — this strong fall eliminated a large number of margin positions, but on the other hand — this fall was sharply bought off and looks like a retest of the upper boundary of the triangle for strength. The growth in the FTMUSD has been going on for quite a long time and without a pullback, so it is worth suggesting several possible developments in the future: 1) if the buyers do not allow the price of FTM to fall below $1.75 today/tomorrow, we can count on the growth to $2.30-2.40. 2) below $1.75 we have a buyers' bastion of protection around $1.13. If the buyers show their activity there for the second time, the consolidation can be prolonged, but the target for the global growth will grow to $5.20 3) The price fixing under $1.13 will mean that the buyers gave the initiative to the sellers, and this in turn will mean the continuation of falling price. The first strong support from the bottom is near $0.55 , and the global fall may finish near $0.30. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
47
Bearish signals for bullish coin FTMFantom is truly my favorite coin with 1600x run from the 2020 Covid lows. In March 2020 the Market Cap was some 4.7m (#380), now some 7.2b (#32). That is absolutely amazing. But how much upside potential is there left? Honestly, I do not know. In this case, it is wise to be aware of the chart signals and be reactive for whatever price action. First of all, there is a strong dynamic resistance that FTM has not been able to overtake. Thats the higher highs’ trendline that the price action rejected a week ago. Secondly, there is bearish divergence seen on the RSI and other indicators since early September indicating potential reversal of the price action. Thirdly, there is a bearish rising wedge from which the price already broke down. All this resembles the situation in early March. The indicator in the lowest panel, Phoenix Ascending, presents a more or less identical pattern to the present situation. The lines in this 3d TF are heading towards the zone below 50, but they are not there yet. If it plays out like it did between March and May the price would first retrace and then pump to a new higher high (ATH), and after that start retracing again. I see that price pattern (copied over as extension from the present) as one plausible scenario. I will be observing the price action from the sidelines in the near future, being ready to jump in if necessary. Trade with caution, take care Cheers Whoop
by WhooperSwan
3