🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Fantom
FTM: best bull candle📊Analysis by AhmadArz:
🔍Entry: 0.743
🛑Stop Loss: 0.708
🎯Take Profit: 0.771 - 0.817 - 0.914 - 1.121
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FTM/USDT bullish reversal from support? 👀🚀FTM analysis💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and potentially revisit our targeted strong resistance area.
💎 Should $FANTOM fail to rebound from the $0.5620 support and instead break below it, this would likely indicate a continuation of the downward trend, with the next critical support being the bullish Order Block (OB) area around $0.4497.
💎 If #FTM reaches this Bullish OB area, it is imperative for the price to secure a bounce from this level, which is pivotal for maintaining support. A failure to rebound could exacerbate the bearish momentum, affirming negative market sentiment and possibly driving the price further down.
MyCryptoParadise
iFeel the success🌴
FTM/USDT it shows price will be back test on the support!💎 Paradisers, #FTM is indeed catching the eye as a coin worth monitoring closely.
💎 After facing rejection at the resistance area, it appears poised to revisit the support region around 0.568 in search of renewed momentum.
💎 Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark.
💎 To validate this pattern and shift back to a bullish trajectory, FTM must break above both the resistance and the descending trendline of the pattern. If successful, this breakout could pave the way for further upward movement, possibly leading FTM to retest our target strong resistance area.
💎 However, if FTM fails to find support at the aforementioned level and instead breaks below it, this could signify a bearish continuation, with the price likely heading towards the next significant level, the Bullish OB area around 0.449.
💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum. Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.
FTM to pull back to my buy zoneFTM is setting up a nice consolidation to continue the up trend in the long run. However, in the short term we will experience sideways to down action.
As shown in the chart, we are seeing the money flow come down, VWAP about to cross zero line and MOM (modified macd) signal crossing below. These all indicate the potential down price action in the coming weeks.
My accumulation zone is around 0.65 to 0.70 range. Not a financial advice. DYOR.
📈FTM: Unveiling Potential Trading Opportunities in the Market🔥☀️In today's analysis, we dive into the realm of Fantom (FTM), a coin exhibiting promising potential in the market. Focusing on the daily timeframe, we dissect FTM's price action and chart patterns to uncover strategic entry points for traders seeking bullish opportunities.
📈Since October last year, FTM has delivered remarkable gains, surging approximately 570% to reach the $1.1485 ceiling. Currently undergoing a corrective phase, FTM appears poised for its next significant upward movement, presenting an opportune moment for traders to capitalize on potential profits.
🔍Zooming into the daily timeframe, we observe a prevailing high wave cycle indicative of an upward trend. In alignment with trading principles, our focus remains on identifying entry points within the prevailing bullish trend. FTM's recent retracement to $0.6267, coinciding with the 0.618 Fibonacci level and forming a strong point of reversal zone (PRZ), underscores the potential for a bullish continuation.
📊 As volume gradually diminishes, both primary traders and whales remain absent from the market, contributing to increased market volatility. In such conditions, refraining from trading presents the optimal choice, ensuring prudent risk management amid erratic market behavior.
📉Observing SMA99's proximity to price action, we recognize its significance as a key entry point during upward trends, often catalyzing significant price movements. Furthermore, the trend curve exhibits a gentle slope, indicative of a parabolic ascent, albeit with associated risks of trend curve breakdowns leading to sharp market declines.
🛒For spot traders, multiple entry points exist. Firstly, identifying a strong bullish candle within the current range presents a high-risk, high-reward opportunity. Alternatively, entry upon breaching the box resistance at $0.7971 offers a more conservative approach, minimizing risk while ensuring confidence in the bullish momentum. Lastly, a breakout above $1.1485 signifies a strong confirmation of the uptrend, albeit with potentially lower profit margins.
⚠️While near-term targets include $1.6673, a crucial resistance level, and ultimately the all-time high (ATH), it's essential to employ fibo extension tools post the $1.1485 breakout to refine target levels and mitigate risks.
📝As we navigate the complexities of FTM's market dynamics, exercising caution and strategic decision-making remain paramount. Stay tuned for ongoing updates and insights as we continue to navigate the ever-evolving landscape of cryptocurrency trading.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
[FTMUSDT] - TIME TO BUY! the Crucial S/R level Breakout/Retest has Confirmed on the 3-day timeframe Chart.
time to buy the dip!
buy between: 0.75 . 0.70
targets: 0.80 - 1.12 - 1.85 - 3.5
stoplose: 0.56
thanks and for more signals and idea hit "like" and "follow"🎯
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area
could be prove to be fruitful
when we get out general Altcoin rally
The investment thesis is quite simple
people will see that Fantom might be trading at a $1.50 soon enough
And think damn , I missed a 10X
what can I buy in the fantom the ecosystem to catch up that 10X
So they venture further down the risk spectrum
And find spell, spookyswap, tomb etc
You get the idea don't you
It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???
Fantom: Docked in 🚢⚓FTM has reached our magenta Target Zone ($0.76 – $0.50). Here, we expect the low of this same-colored wave (ii). Long positions could be opened here accordingly. Stops could be placed around one percent below the lower edge. With the low in place, a rise above the $1.22 mark should be on the cards.
fantom ready to flyfantom after many days corresction now ready to fly
matbe go back to entry point maybe pump from there.
FantomFtm usdt analysis
Time frame 15m
2 strategy maybe happen
First blue arrow . Break the rectangle and go to target 1.1$
Second. Yellow arrow. Play in up and down in rectangle, break it . Come back to green up trend line and go to first target 1.1$ then 1.3$
Fantom (FTM/USDT) - Bullish Long TermPay close attention to Fantom, in the short term could be bearish due to not having any daily or 4hr candles etc close above minor Resistance at: "1.02". Rejections off this level could leave the bulls behind and get pushed futher downwards from the bears to "$0.89" roughly.
Long term, if you decide to take this trade, a potential to make a +46% will be with ease. Next target is= $1.46 so keep close details on the key levels I provided on the chart to take advantage.
Line of Support= $0.89🟢
Line of Resistance= $1.02🔴
Target!= $1.46🌟
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Fantom: Strong Bulls 🐂FTM rose sharply over the last seven days. We now consider the low of the turquoise wave 4 to have been placed in our Zone ($0.76 and $0.87). With the last leg of the turquoise-colored five-part wave, the price should now rise above the resistance at $1.22.
FTM/USDT planning for bullish move? 👀 🚀 FTM Today analysis💎 Paradisers, let’s dive into the #FTMUSDT analysis! A fascinating shift has unfolded as it breaks free from its descending channel, creating an exciting stage for a potential bullish surge.
💎 Over an extended period, #FANTOM has meticulously traced the contours of a descending channel. Presently, the price is testing a critical support level at $0.9116. Our confidence in its potential to embark on a bullish trajectory remains unwavering, challenging the overhead bearish order block (OB).
💎 However, prudent preparation is essential: should the price dip below the pivotal support zone, we may witness a pronounced bearish downturn. In such a scenario, our focus shifts to anticipating a bullish rebound from the lower support level at $0.8536.
💎 Remember to employ sound trading strategies and implement proper stop-loss measures! Stay vigilant, monitor market movements, and eagerly await further insights.
MyCryptoParadise
iFeel the success🌴
FTMUSD support and resistance Hi, welcome to my Fantom analysis
Today we have 3 level support,
Support 1 are previous higher low at fibonacci 0.382. If 0.9242 able to hold bearish movement, our target at 1.2289 with 33.75% profit projection
Support 2 also as strong support, becuase this level are fibonacci 0.618 support and also previous strong support. If this level hold bearish, our target at same level as target 1, with 69.25% profit projection
Support 3 are the last support for Fantom. If this level stop bearish movement, target at 1.2289 with 136% profit projection.
I will update more about Fantom if I get a new key level or a new pattern.
FTM's RiseFantom (FTM) has been showcasing an interesting price development, currently trading at $0.9297. On the 4-hour chart, FTM's recent climb shows it's approaching a local, dynamic resistance level which may indicate a near-term challenge for the price to push higher.
The Bollinger Bands reveal that the price is nearing the upper band, which can often act as a short-term resistance. This proximity to the upper band at $0.9473 might suggest a potential for either a temporary pullback or, if the price breaks through, a continuation of the bullish trend.
The trading volume for FTM is healthy at 11.604M, which underscores a decent level of trader interest at these prices. The Moving Average (MA) at $0.8966 is below the current price, indicating that the recent price action is still favored by a bullish bias.
The MACD histogram is positive, albeit marginally, with the MACD line slightly above the signal line, hinting at a continuing bullish momentum but cautioning that it may not be particularly strong at the moment.
Stochastic Oscillator values are high, indicating that the price might be in overbought territory, which sometimes leads to a subsequent price correction as the market consolidates.
Finally, the Relative Strength Index (RSI) is above its MA and remains in a healthy range without showing signs of being overbought. This suggests there might be some room for the price to go up before facing selling pressure due to being overbought.
In summary, Fantom's market dynamics are showing signs of a bullish trend, but as it nears the dynamic resistance level, traders will likely watch to see if it has the strength to break through or if it will retreat and consolidate before making another move.
FANTOM - Bulls Are Done. Bears Coming In!Following on from our last analysis of Fantom, we closed our long setup with over 200% gains!
We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down.
Trade idea:
- Safe entry on break of red trendline
- risk entry on lower timeframe trendline break
- tight stops above the highs when either entry trendline breaks
- Targets: 0.17, 0.07
Please note that we have confirmations in place in order to tell us whether we're in wave C and to confirm our short idea.
Goodluck and as always, trade safe!
See our previous setup below:
FTMUSDT.4HAlright, let's get into the technical analysis of this Fantom (FTM) chart against Tether (USDT) on the Binance exchange from a first-person perspective as a trader.
Upon inspecting the chart, the first thing that stands out is that Fantom's price has been trending downwards recently as it's trading below the Ichimoku Cloud. This suggests a bearish market sentiment in the short to medium term for FTM. The price below the cloud often signifies that the asset is in a downtrend and that the cloud is likely to act as resistance on attempts to move higher.
The Conversion Line (blue) is below the Base Line (red), which traditionally means the bearish momentum is currently stronger. The Lagging Span is also below the price line and within the cloud, which reinforces the bearish outlook.
The pivot points on the chart show resistance at R1 and R2, with support levels at S1 and S2. Given the price is below R1, it is currently acting as a resistance level. If the price begins to rise, R1 is the first hurdle it would need to overcome before we can consider a change in the immediate trend. Conversely, if the price continues to fall, S1 and S2 are levels where we might anticipate potential support or a reversal.
The Relative Strength Index (RSI) is around 28.65, which is quite close to the oversold boundary of 30. This could indicate the possibility of a trend reversal or a pullback, as prices often revert back after hitting such extremes.
As for the Moving Average Convergence Divergence (MACD), the MACD line is slightly below the signal line, which typically suggests bearish momentum. However, both lines are very close to each other, so I'd watch out for any crossover which could signal a change in momentum.
In conclusion, FTM's current price action is bearish, but with the RSI being close to the oversold territory and the MACD lines close to a potential crossover, there may be a reversal on the horizon. As a trader, I would closely watch these indicators for signs of a momentum shift, especially any bullish divergence on the RSI or a MACD crossover above the signal line. Trading near support levels could provide a favorable risk-reward ratio, but it's important to wait for confirmation signals before making any trades, as countertrend trading can be particularly risky.
🔥 FTM Fibonacci + RSI Bounce SignalWith BTC selling off, alts are naturally following suit. However, I think that it's more likely than not that alts will bounce soon.
As for FTM, this token is currently around 30% down from the top after a massive run-up. The 4H RSI is oversold for the first time since the huge run-up started in January. Furthermore, the price is currently sitting at the 0.382 Fibonacci retracement, which often functions as a strong support during up trends.
Target at the current local top of 1.20$.
FTMUSDTHi guys
Note that the analysis is on weekly and daily time frames and a medium-term trend is considered.
It seems that considering the maintenance of the support area of $0.2719 and the consumption of the resistance areas, the areas marked for buying can be attractive.
What do you think?
FTMUSDT Buy Opportunity!!FTMUSDT a layer1 project, has experienced a significant 90% decline from its previous all-time high (ATH). Currently breaking through resistance, it's on its way to the next level at $0.65.
FTMUSDT (1W Chart) Technical analysis
FTMUSDT (1W Chart) Currently trading at $0.33
Buy level: Above $0.31
Stop loss: Below $0.25
TP1: $0.38
TP2: $0.45
TP3: $0.5
TP4: $$0.65
Max Leverage 2x
Always keep Stop loss
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FTMUSDImpulsive price action add credence that wave (3) of ((3)) unfolds with possible target 1.618 fib extension.
We used log scale on this count!
[FTMUSDT] - looks so bullish🔥Crucial S/R level Breakout/Retest has Confirmed on the 3-day timeframe Chart.
Buy between: 0.72 : 0.7
Targets: 0.78 - 0.90 - 1.22 - 2.33
Stoploss: daily close below 0.56
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