FANTOM big picture !The action of FANTOM is extraordinaly bullish at the moment.
Where will it stop ? is anyones guess !
We could shot up to 562 satoshi in a few days....
My guess is that we will consolidate below 400 satoshi for a certain time before trending higher (but I could be wrong).
RSI is a little overheated on a weekly time frame.
That is why I lightened up on my position a little, selling 25% of my FTM holdings at 400 sats ....
I will recover what I sold from Fatom staking rewards !!
I have staked my entire holdings on the Fantom blockchain.
FANTOM offers me 26% staking rewards in a year !
That is: in 1 year time I will have the same amount of Fantom as for today (before booking some hefty profits) !!
Thank you Fantom ! You are Fantastic !!
Fantombtc
FANTOM is now flying !!One of the most profitable coins in the last weeks / months !!
UP 100% in the last 20 days !
We are aboard since 65 satoshi on June 12 !
Phantastic ride so far ...
... and we are approaching "THIN ZONE" on a volume by price basis.
Above 450 satoshi will will make ATH on a satoshi basis (relativ to Bitcoin) !!!
Massiv C&H formation forming.
I sold 25% of my holdings to buy some more cheap XRP (the future MOST LIQUID ASSET ON EARTH).
But I am very bullish short - medium - long term on FANTOM !!
FTM.BTC (Y20.P3.E1).Macro structure.Key levelsHi All,
I have been trading FTM of recent, only once so far due to the structure. It was an opportunity for a small trade.
When I did my review today at the bigger structure, it has passed one big hurdle and is likely to keep going up.
However it has many layers of resistances.
< Note: WR, WS, MR, MS are what I mark for weekly resistance and support as well as monthly resistance and support. These help find targets as well>
My thoughts:
> Major sloping trend line resistance has been passed and retested on the daily, so its held up. Using the Run and Bump strategy, its also fits into this structure and hence strategy.
> Hence, I see a potential price potentially bouncing off the 0.618 fib level as per the 4hrly chart, due to the volume profile having confluence with this fib.
However the 0.5 fib looks like its holding based on the current candle and its wick.
> I don't think it will be that volatile in this range.
How to trade it:
Not an easy one to call the entry but if the daily (current) candle closes above the 0.5 fib level (13 hrs to go) or higher then, its a bullish sign.
As per my chart, I'm looking at 0.5 and 0.618 fib level and the candle sticks on the 3, 6, 12 hrly time frames, to go long.
Please give me a like or tick for this effort,
Cheers,
S.Sari
4 HRLY chart.
Overview chart
FANTOM is now unstoppable !Fantom broke out of a perfect bull flag today !
We are in Fantom since 62 satoshi !! .. so we are up 200% !!
... and there is still a long way to go !!
We are now in the THIN ZONE in relation to past volume by price, so Fantom should now surprise to the upside !!
GREAT TIMES AHEAD !
FTMBTC - Looks promisingFTMBTC moves well, broke through strong resistance at 120 sat level on HTF (weekly), really good sign. Next target is ~ 170 satoshi.
On LTF it accumulates over support.
Hit the "LIKE" button and follow to support, thank you,
Information is just for educational purposes, never financial advice. Always do your own research.
Fantom [FTM/BTC] on July 11 (#FTM #FTMBTC)FTM looks still strong and its target should be about 180-200sts in this bullrun
It is still accumulating for higher target and it may make correction to these 2 zones : 110-115sts and 90-95sts
Be careful if it drops below 90sts because it may drop sharply to 70-75sts or even 35-40sts
FTM ANALYSIS: PLAY THE DOWNWARD TRENDFTM ANALYSIS:
FTM is trending in a downward channel and has been bouncing off a clear trend line (except for 2 small fake outs). This is great opportunity to play the channel. Buy entry would be off the trend at 80-85 sats. The main target is to clear the recent top at T1 of 92 sats. Upon clearing that, FTM can break for T2 at 102 sats. T2 is positioned at the top of the channel. This is a Rea spot to watch. I expect rejection and would recommend to take 50% profit by this point. If FTM does manage to break the break look for a break to resistance at T3 of 118 sats!
Possible Entries: 80-85 sats
FTM - All Time Low - is it time to buy?Fantom is going down with no sign of recovery. Once a very hyper project now, focus is shifted from it to others.
Fundamentally they have rolled out many development updates recently like
- Opera Mainnet is live
- Staking rewards
- Mobile app (iOs and Android)
- Desktop and web wallet
Latest update from the team can be found here - medium.com
Despite many updates, community is not really excited by updates and volume and price are dipping day by day.
It can be a contra move to buy it here as it just touched the bottom of downtrend channel and expect a bounce from here.
FTMBTC forming a bullish Shark | A good long opportunityPriceline of Fantom / Bitcoin cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000140 to 0.00000137
Sell between: 0.00000143 to 0.00000149
Regards,
Atif Akbar (moon333)
FTM AB=CD scenarioAs you can see we are moving into descending triangle. In the past AB=CD worked nice let's see how it will works now. Idea will be invalidated if we break up and stay above descending trendline.