Fantomanalysis
$FTM Breakout & Retest Done - Trade Idea for Swing & Day TradersHi Traders;
$FTM Inverted Head & Shoulders Breakout and Retest of Neckline Done, Entry at those levels and Targets are mentioned in the chart.
STOPLOSS 1 Day Close Below 1.1$.
NFA, DYOR? and Good Luck.
Tell Me what do you think in the comments? Press that like button to show support.
FTM (Fantom) Coin Analysis 19/03/2021we had analyzed this coin and capitalized on it now updating new targets and positions.
Fundamentals:
Fantom is a Directed Acyclic Graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Through token sales in 2018, Fantom raised almost $40 million to fund development.
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong.
The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.
According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform.
Technical Analysis:
price has don its secondary accumulation phase and consequently showed some move up,
there exist Hidden Bullish Divergence with MACD and its Histogram which is the sign of trend continuation
there are total of 3 targets defined with Fibonacci Projection where as the 3 TP gets confirmed when the 2TP is triggered followed by some distribution and retracements
FANTOMUSDT M PATTERNMarket just finished forming M pattern, we are expecting to see a retrace to a neckline and drop to 0.335 zone
Entry: 1.43
Invalidation: 1.748
Target: 0.33
FTM repeating ETH's first performance? on massive scaleFTM repeating ETH's first performance? on massive scale
pretty self explanatory.
look at those gains. how could i be so poor? makes me wanna jump out a window missing that performance. ffs.
been tracking ada with this idea for awhile (idea attached), but that one doesn't look as on point as this one i realized last night. the ada one looks broken. maybe this will too soon. we shall find out.
anyway gl hf
x
FTM Fantom: In depth 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSDT).
The chart is self-explanatory. The price is currently inside a and meeting the local support line. The price is also in the red Ichimoku Cloud. Volume is declining and price is still below the EMA ribbons. If price moves lower, keep an eye on the 200 SMA and the Danger Zone Support Line. If price moves up, the price could go up to the Local Resistance Line with the RSI, and Stoch RSI moving up. MFI is almost at resistance. If RSI and MFI fall, keep a close eye on the Important S/R Lines.
Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI (Money Flow Index), Descending Channel, Double Top Formation, Stochastic RSI, and EMA Ribbons, and 50 and 200 Simple Moving Average.
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 Fantom: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSDT).
The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Fantom. Keep an eye on the key support line as well as the 200D simple moving average.
Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, VPVR ( Volume Profile Visible Range), Volume, RSI, MFI (Money Flow Index), Dead Cat Bounce.
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 1D Not a bad option for investing even nowToday we will analyze several possible movements of FTMUSDT price in future.
This trading pair will be 1 of 3 that you chose by voting in our recent BTCUSDT idea
The situation on crypto-market and stock market is so ambiguous now, that it would be wrong to argue for price movement up or down. We are trading probabilities... Only to the right, the price moves with confidence)
Positive points about the Fantom price :
September's fall in the crypto market formed point A, December's point C (which is above point A). FTM cryptocurrency performed very well during the recent fall. While the price of BTC and most alts updated their lows, the price of FTMUSD corrected only 50% of the previous C-D upward momentum. That is, it has not updated the minimum of the previous growth impulse.
Such inputs suggest that the FTMUSDT price consolidation is now at the final stage, as the price is getting higher and higher on corrections and the upside breakout is somewhere near.
Maybe, there is still some fundamental news that stimulates not to sell FTM, please write about it in the comments.
If the BTCUSDT price will hold above $34200-34300 in the next few days, FTMUSD should not break below $1.73-2.00 either.
From there, the way would open first to the ATH area of $3.40 , and then a breakout to $5.50-5.80 is also possible.
Also in the previous BTCUSDT idea, we wrote that if the price follows the fractal, then before the further upward movement, a possible breakout of stops, by shedding the price to $31500 is not excluded.
The price of FTMUSDT in such a case may squeeze down, but not below $1.32, where you can put buckets to buy, in this case they can fill up.
Globally, such a scenario could end up drawing a "Triple Top" pattern
The critical support zone is the range of $1.17-1.32 . Below this range, FTM holders nerves may give up, and mass selling will begin. Stops of the whole consolidation are also hidden below $0.90-1 , and their activation may lead to a strong price spill-down, down to 0.44 cents .
Probably the most conservative option can be called - blue - it is a smooth continuation of the consolidation in a wide range and as a result the maximum growth value to the area of $13 in the summer of 2022.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
FANTOM ECOSYSTEM (Request)- FTM is one one of the big winner in this bullrun, the price seems low in price, but i checked many indicators and noticed that FANTOM was bullish 80% of the time.
What is the Fantom ecosystem?
The Fantom Foundation is building a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies. Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol. Dyor it if you want to know more about FTM.
- Basically, i don't see this coin retracing for now, but like always, all depends on TheKing. So manage your % investment.
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Trading Plan
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- Buy : Now
- Rebuy : 2.5$
- Rebuy : 2$
TP : 4.95$
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- Check in comments for Older Analysis.
Happy Tr4Ding!
FTM/USDT 1hr timeframe- double top
- high RSI
- large gap between the conversion line and base line
- target for the leg down is the purple box (ichimoku cloud)
Fanthom/USD my analysismy guess is FTM will fly soon.
My instinct tells me it will hit at least 2.93.
if it goes beyond 2.93 then I will remember to stop loss at 2.93.
also, I guess it has a chance to hit an all-time high
wish you all maximum profit.
Fantom is LEADING SOL @@Fantom is LEADING SOL @@
Interesting; I thought it would be the other way around. Or you could argue FTM is just STRONGER THAN SOL. though the momentum indicator says its just behind imo.
Hopefully this pumps my SOL NFTs when the damn thing catches up!
FTM Fantom: Channel Inside A WedgeHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Fantom (FTMUSD), a cryptocurrency.
The chart is self-explanatory. The Fantom price is inside a small Channel Pattern which is inside a Descending Broadening Wedge Pattern. Based on the indicators, price has the potential for upside, however the Ichimoku Cloud shows heavy resistance ahead. If Volume comes in and price breaks outside of the Cloud, it may be possible to see a nice move upside. Otherwise, price has potential to break below the local S/R line and fall much lower.
Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), MACD, MFI (Money Flow Index), Fear and Greed Indicator, Support and Resistance Trendline, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
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 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-$1.30 has had multiple months of support as shown in the purple color rectangle box.
6) The Volume has been weakening month over month.
7) The RSI (relative strength index) has the ability to drop further as shown on the chart.
8) If the price rebounds up from the Head and Shoulders Pattern, the idea would be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Fantom is Lunching 🎇🚀After breaking a downtrend and hitting a pullback, the Phantom is ready to move upwards and aim at the charts.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
FTM-USDT Breakout Soon... FTM Price action is moving between an ascending trend line & a horizontal resistance (Supply zone) around 2.45$. Here we can assume 02 possible scenarios. Let's discuss it one by one.
First Scenario - price should bounce from given trend line or EMA 50 area to keep momentum & break the supply zone around 2.45$. If FTM managed to break the "Supply zone - B" with a good volume we might see the next price discovery rally & My short term target would be around 3.6$
Second Scenario - If the up trend line & EMA 50 are unable to hold the price it might come back & retest "Demand zone B". That means the accumulation phase will continue & collecting fuel to break heavy supply zone around 2.45$
The last time FTM accumulation period was around 25 days in between "Demand zone A" & "Supply zone A". In that phrase Around 6B volume traded. But recent accumulation period is still around 17 days & Only around 2.75B volume traded.
BTC price & Dominance will be directly affected to the above prediction. Still up trend line & 50-period EMA holding the price like champs. I feel FTM will hold the trend line & will enter the price discovery mode soon with the current market direction. Please wait for a clear breakout with above-average volume to enter for the trades.
FTM will keep momentum?$FTM have had quite the year, with recent 3 months holding a very strong bullish momentum.
So far growth holds exponential pattern starting at around $0.275 - August.
If bullish momentum holds can very well hit $10-$12 EOY.
That said, there're still very big news and events coming weeks:
Coinbase listing - Only rumors right now, but could be happening around 30-31 Oct.
25-29 Oct there's the Dubai events.
Influencers only recently started picking up on Fantom and its ecosystem.
Other news & growth.
Exciting!
Next 2 weeks really are quite crucial and quite possibly hit 1 of 2 extremes:
1. Something happens and momentum breaks and we fall back to $1.5 line.
2. Coinbase listing sends FTM pumping, and with it's current momentum and growth can we dream of $15-$20 by EOY?
FTM 1D Updates of the maximum or continuation of the correction?To your attention another Defi project - Fantom, from South Korean creators, which, judging by the schedule, is in great demand.
[ b]Write in the comments, your expectations for the project or what news awaits it in the future.
If you analyze the chart, you can see that after the establishment of an absolute maximum at $0.878 , the price corrected by -71% and reached the top of the liquid zone. A decent correction after which we got a strong buy-back up.
Now the FTMUSDT price is reaching the critical level of $0.76 at which the future price movement will be decided:
1) If buyers manage to break through $0.76 upward and start consolidation above it , then the way will open for price movement to $1.79
2) If buyers lose their shopping enthusiasm and sellers will activate, then the first level from the bottom where buyers can become active again will be $0.30. After will the likely continuation of consolidation for the accumulation of forces in order to continue to grow.
3) A strong spillage of the FTMUSD price is possible up to $0.15 - then it will be -83% growth correction, but the chances for continued growth in the future will remain.
4) If a price drop below $0.15 will mean a lack of interest of buyers in the project, and the cost of the FTM token itself may collapse to $0.05-0.06
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
