Fantom FTM price time to "catch up" with the marketToday, let's take a look at the global chart of FTMUSDT
Finally, yesterday the altcoin market revived and started to grow, and XRP was the luckiest with the court decision that recognized it as a non-security)
The FTMUSDT price hasn't really grown much compared to many altcoins.
We can assume that the coin still has growth potential:
- The liquidity zone is $0.45-0.55 , and we would consider this zone as the first medium-term target where you can fix part of the profit on a long position.
- "the final", probably it should be called a long-term target for the FTMUSDT price in our opinion is around $0.80
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Fantomcoin
Fantom – Second Entry Point• Please read my previous FTM idea for context.
• It looks as if FTM has taken the straight route up. (Green Scenario)
• If FTM moves above 0.333 USD I will consider it a ChoCh on the daily chart . Meaning, a move from a downtrend to an uptrend.
• IMO, there are two ways to play this. In the end they are all the same:
1. Simple Support/Resistance Flip trade: Wait for FTM to test the 0.333 USD Level as support to enter long with the SL below the previous low.
2. Wait for a pullback to the demand zone with a SL below the zone. FYI, this demand zone was tapped once on June 24th, but it doesn’t mean that price will not test this demand zone again.
Trade Idea 1 (Support/ Resistance Trade):
• Entry: 0.333
• SL: 0.2876
• Target: 0.546 (TP along the way, leave a moon bag)
Trade Idea 2 (Demand Zone):
• Entry: 0.3
• SL: 0.2876
• Target: 0.546 (TP along the way, leave a moon bag)
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Fantom – The Path Ahead, Deep DiveTLDR:
Unfortunately, Fantom lost all bullish structure.
The upside of this correction is that FTM’s price is good enough to DCA if you are a long-term investor. I provided the next support levels; in case you are interested.
I charted three scenarios, two relatively bullish and one bearish scenario.
I included two possible swing trade ideas. However, I must say, there are better trades out there, IMO.
Background:
On November 2022 fantom created a bottom in the region of 0.1636 – 0.19 USD in a double bottom.
The first significant resistance FTM had to breach to was in the region of 0.255 – 0.276 USD, which is the same as FTM’s current price.
During FTM’s impulse to the upside it achieved nearly 300% price appreciation in 74 days.
In the past 4.5 months FTM’s price corrected by more than 67%. The time ratio between impulse and correction is 1:2 which is indicative of a deep correction possibly paving the way for the next leg up.
I immediate Support & Resistance Levels:
Resistance:
0.2761. Weekly & Daily Level
Support:
0.255. Previous ChoCh level.
0.2251. 50% of the Wick and 0.786 Fib Retracement (approx.).
0.2124. Daily Wick.
0.1883. Double bottom Support.
0.1637 Double Bottom Support.
Where Do We Go from Here?
Green Scenario:
If BTC and the broader crypto market change direction in the next few days, there is no reason why FTM should be the exception. The first sign of recovery would be a break above the immediate resistance of 0.2761 USD, retest as support and a strong move up.
Orange Scenario:
Assuming that the current correction is not resolved to the upside in the short-term, I expect FTM to retrace at least to the 50% of the wick, move up towards the 0.2761 level resistance and continue up.
Red Scenario:
If the whole market goes to crap, FTM will continue to dip further. However, I don’t think it is likely to drop more than previous bear market low. But, who knows!? Everything is possible (just remember that the good is also possible).
Possible trade Ideas:
1. Support/Resistance Flip
Entry: 0.2761 USD, after retest as support
SL: 0.25 USD, below the last support level
Target: 0.55 USD
TP: 0.33, 0.39, 0.55 USD.
R: R: 1:5 assuming TP2 is achieved.
2. Wick Fill Trade
Entry: 0.2252 USD. 50% of the Wick + 0.786
SL: 0.21 USD. Below the wick.
Target: 0.39 USD
TP: 0.276, 0.33, 0.39 USD. Leave a moon bag.
NFA.
What do you think? Please share in the comments.
Best Wishes to all.
Fantom is at Support Will It Hold?Fantom had an amazing run between November 22nd until February 23rd . In 73 days Fantom’s price increased by almost 300%. However, In the last four months (116 days) FTM is in a downtrend. The chart structure emerging from this correction is of a Triangle. The question is will Fantom hold support on the Triangle’s diagonal support line, or will it break to the downside?
The short answer: yes, probably. This is why:
Support Levels:
1. The diagonal support line has held Fantom’s price in January and March.
2. If we examine the RSI, we can see a Falling Wedge pattern. A Falling wedge is a bullish reversal pattern. The diagonal support of this wedge has held Fantom’s price on several occasions (blue dots).
3. Regardless of pattern, The RSI level of Fantom is close to oversold. Past experience shows that FTM rejects the oversold level.
4. Should Fantom temporarily lose the diagonal support, the 0.5 Fib retracement (pulled from the low of November to high of February) is at 0.3187 and I expect it to hold.
Admittedly, Fantom is at a stage that it lost some of the hype. Regardless, in the last bull market Fantom performed extremely well and I see no reason why it can’t do just as well in the future.
Targets:
I think FTM is good for a long-term hold. I expect FTM to exceed it’s previous ATH in the next bull market. I also think that short-term FTM provides a good R: R to risk a trade.
My short-term targets for FTM are:
1. 0.41 USD (daily resistance).
2. 0.45 USD (diagonal resistance).
3. 0.55 USD (daily resistance).
4. 0.65 USD (daily resistance).
Trade Idea:
• Entry: 0.33
• SL: 0.3185
• Targets: As mentioned above.
• R: R 1:7 for the first target
NFA
Feedback will be appreciated
Best wishes to all.
Fantom FTM price does not want to fall, so it will grow🚀It is very likely that the FTMUSDT price is completing its corrective consolidation in the white liquidity zone.
And it looks like FTM holders may be in for a +100% price increase.
The first target for Fantom token growth is $0.80
The second target is $1.75, but this is a long process
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Fantom (FTM) formed bullish Gartley for upto 82% moveHi dear friends , hope you are well and welcome to the new trade setup of the Fantom ( FTM ) coin.
Previously we caught more than more than 44% pump of FTM as below:
Now on a daily time frame, FTM has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SasanSeifi 💁♂️FTM/USDT 3D /LONG FROM 0.33/0.30 LET'S SEE!HI TRADERS, As you can see,the price faced selling pressure from the indicated supply area by examining the #FTM 3-day time frame. Currently, there is a possibility of further price correction in the range of 0.30/0.33. If the 0.30 level is maintained, we can expect price growth from that level! It should be seen how the price will react to the bullish BB (0.30/0.33).💹
The next important support is 0.20/0.18
❎ (DYOR)...⚠⚜
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FTMUSDT (FANTOM) Daily: 04/03/2023: 🔴Please read the caption🔴
The bears show weakness on the Fantom chart.
The price had a bullish reaction after collecting liquidity below 0.411 and a low time frame demand zone supported the price very well.
On the other hand, there is a huge liquidity pool above 0.4762 that can be interesting for the price.
For that, the price can re-test the demand zone or rise from here.
The final target can be the supply zone
💥Important note: It is a high-risk opportunity, and if the price breaks the demand zone, this TA is invalid.💥
💡Wait for the update!
🗓️04/03/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
FTM Cup& Handle!KUCOIN:FTMUSDT
FTM is sitting in a 4h Cup & Handle.
Could print double bottom for bottoming out structure which would still be a higher low from previous double bottom.
Look to enter break level.
SPX at 200D as support though futures has opened so far.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
FTM is Trapped, What Now?FTM is trapped between two levels, so what happens now?
What is FMT? Fantom (FTM) is a decentralized blockchain platform designed to facilitate instant transactions at low fees, making it ideal for businesses and developers who need to process large volumes of transactions.
FTM’s current situation
FTM experienced an impressive rally recently, with its value increasing by 220% from January 1 to February 3. Despite this surge, FTM is still priced relatively low compared to its all-time high, which would require a further 600% increase in value to reach.
However, FTM has been struggling to break above the $0.66 resistance level and is currently trapped between the $0.66 resistance and the $0.40 support. If FTM manages to break through the current resistance level, the next levels it would have to overcome are $1.00 and $1.60.
On the downside, if FTM breaks below the $0.40 support, $0.165 is the next significant support level. However, given the current market conditions, it is unlikely that the price will drop that low. Instead, the 200 Simple Moving Average (SMA), which acts as a mobile support and resistance, is a more probable level of support.
Bottom Line: FTM is an exciting cryptocurrency to watch as it continues to gain popularity and attract investors. Its low transaction fees and fast transaction times make it an attractive option for businesses and developers. However, as with any investment, it's essential to do your research and proceed with caution before investing in FTM or any other asset.
FTM to ATH and beyond, question is WHEN?My opnion is that one of the fast performers on this new bull run will be FTM.
It's obvious from my point of view that the whole FTM/USDT graph it is a biiig BULL FLAG.
I've used the trend based fibo time to mark the possible answer to the question WHEN.
WHat do you think?
FTM is the ticker symbol for the cryptocurrency Fantom, which is a distributed ledger technology (DLT) platform designed to enable fast and scalable transactions. These are the key fundamentals and potential reasons for optimism regarding Fantom :
1.Scalability: Fantom aims to solve the scalability issues faced by other blockchain platforms by using its unique directed acyclic graph (DAG) structure, which enables parallel processing and high transaction speeds.
2.Interoperability: Fantom is designed to be interoperable with other blockchain networks, making it possible to integrate existing systems and infrastructure with the platform.
3.Use cases: Fantom is targeting a range of use cases, including digital asset management, supply chain management, and decentralized finance (DeFi) applications.
4.Partnerships and collaborations: Fantom has established partnerships and collaborations with a number of organizations and institutions, which could help to drive adoption and increase its network effect.
5.Research and development: The Fantom team is actively engaged in research and development activities aimed at improving the platform and expanding its capabilities.
This is just my opinion, it's not a financial advise!
Take care of your hard made money guys!
CHEERS!
FTM/USDT/UpdateAs I predicted in the previous analysis and the first comment, a strong upward movement happened to break the downward channel, and after a pleasant growth, we are now witnessing a break and price correction. It should be noted that in this strong move, a strong static resistance was also broken, which has now become a valid support area in the $0.45 area. Following the specified stop loss, we will continue to wait for the realization of the $0.71 target.
FTM about to give you 10X profits than Other coins? Yes, FTM has potential progress in the slight bull run of BTC. Though BTC tries to break 24300 USD and if it breaks the 24300 zone surely it will hit 28000 USD within a week. Mark my word.
In the meantime, FTM made us 2.5X profits from 0.18 USDT to 0.49 USDT almost. MOST OF THE COINS NEVER GIVE THAT KIND OF PROFIT IN A SHORT TIME.
So, FTM is the BEST EVER.
If FTM manages to break 0.52 USDT, we will see it in 0.63 USDT, then every break makes it more positive. I even expected to reach at least $2 within August 2023
So fill your bag with FTM at every step.
Thank you
FTM/USDTIt has risen beautifully from the bottom of its three-year ascending channel, but it has engaged with resistance at the ceiling of its medium-term descending channel. It is noteworthy that near this resistance range, there is also a static support range, which can be encouraging.
By observing the stop loss, the specified goal can be achieved.
💁♂️ FTMUSDT /1D💹 HI TRADERS✌
As you can see, In a daily time frame The price has grown about 80% from the support area of 0.19.
Currently, the price is gathering volume in the resistance range. Due to a price growth, the price needs a return for the next move and the possibility of a pullback to the dynamic resistance.💹
If the daily close candle closes below the 0.31 range. The possibility of further correction can be considered.❗
Otherwise, if the price stabilizes above the range of 0.3580, we may see growth up to the supply area.❗
❎ (DYOR)...⚠⚜
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Ftmusdt Formed & Breaking Falling Wedge In daily Timeframe Incase Of Breakout Expecting Massive Bulish Move In coming Days
(Note) Entry Will Be Only Valid After Confirmed Breakout
And According Falling Wedge Pattern Safe Stoploss Is Recent Low Its Just An Idea Do Your Own Research Before taking Any action
Fantom FTM will dump by 70%Merry Christmas, dear friends!
I wish you be healthy, happy and wealthy! Thanks for huge support you gave me. You are my motivation to make a quality articles.
You asked me to share my opinion about Fantom. It’s fundamentally strong asset which I am going to add to my portfolio, but not today. It will fall by 70% and I am going to explain you why.
FTMUSDT is printing the ending bearish wave 5, like the rest crypto assets. Let’s take a look in details on internal structure of this wave. I consider that wave 1 and 2 have been already finished and now asset is in wave 3. The target for the wave 3 is $0.08 , but the first stop is about to happen at $0.11 because the sub wave 3 target for FTM is located there. These targets have been defined using 1.61 Fibonacci extension levels.
The area between $0.11 and $0.08 suits for placing buy limit order using grid. It is not going to be the end of the bear market, but the potential bounce can be caught. At the same time, the global bottom I expect at $0.05 , but this target is approximate, we should see the wave 4 to define the exact target.
Best regards, Ivan
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FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory.
Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count).
A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line.
Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom.
Bigger picture remains bearish on FTM.
Any breakup of the wedge pattern will invalidated the count!!
If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time.
Good luck!
FANTOM - FTM flexing - Andre's ProphecyFANTOM - FTM flexing - Andre's Prophecy
Update DEC 2022 ;
Andre posted some pumpy financial stats. FTM immediately initiated an off the bottom pump structure.
His stats etc are indeed very bullish for FTM's future (basically have massive cash dev runway/managed/ponzid their way to a very strong position going forward). That means DEFI round 2 will prob see FTM rocket up the ranks faster on the next bubble.
Long term accumulation imo.
May have one leg down; if BTC does the 10k thing then make no mistake FTM will PLUMMET; even if it has a big future. because; its a shitcoin and it went up so much already. like RUNE.
We seem to always be at a pivot, but here is another one here. if the price action produces another strong roll over, exit all markets and watch out below; if we keep grinding up like this its going to quick moon and buckle up.
Catch the ratio with higher risk FTM small cap plays; SPIRIT - BOO - LQDR etc
Fantom (FTM) formed bullish Shark for upto 11% pumpHi dear friends, hope you are well and welcome to the new trade setup of the Fantom ( FTM ) coin with BTC pair.
Previously I shared a long-term trade setup of FTM , which is still in play as below:
This time on a 4-hr time frame, FTM has formed a bullish Shark pattern. At the moment, after the completion of final leg the priceline has slightly moved up, therefore, we can wait for some correction to buy it from the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade