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Fantomcoin

FTM/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.* FTM has been droping for a while and it can drop even more. However with the low volume that is going on any trade is welcome. FTM is undervalued in the 1D chart and in the 4H chart so I am preety confident that in the short/mid term the coin will perform well. I don't think that FTM will run again so this is just based a lower time frame trade. MACD is also looking strong. I expect higher volume in the next hours so don't miss on this long oportunity. Be careful and don't trade with high leverage. Comment what you think. * Its been a while since my last post and I apologise for that. I have been really busy in the past weeks and my next 2 months will be exactly the same. I didn't spend enough time to research for ideas that I think that are worth posting and with low volume trading became even harder. I will try to stream every friday but I can't promise anything. I am truly sorry and when I can I will make a huge comeback for sure
Long
by Devan-CryptoCharts
4
FANTOM BEATS ETHEREUMWhile Ethereum struggles with high gas fees and the switch from pow to pos , Fantom is way more utile than ETH till they upgrade to ETH 2.0 maybe in 2023. For those who don't know about FANTOM here is a brief definition from cmc: Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum . Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The bad news for this setup is the $BTC as always, we need this $BTC move inside the bear flag:
Long
by dogofwallstreets
FTM APPROACHING RESISTANCE LEVELS Here is what I see that might be happening with fantom: 1) We are below the 200 ema, the ema ribbon, and the ichimoku cloud on the daily timeframe. Not a great sign, BUT we have managed to test the ema ribbon quite frequently during this downtrend, so we could very well break above it soon as the more often support/resistance is tested the more likely we are to break it. 2) If we do break the EMA ribbon to the upside we will again be testing the up trending zone of resistance we recently rejected from (red box). This has been used as strong support in the past and has already been used once as relatively strong resistance. 3) We have a relatively large red ichimoku cloud above us which isnt great, but for the past year or so we have been in relatively sideways price action, where the ichimoku cloud isn't as powerful. 4) If we do manage to get rejected from the ema ribbon, especially since volatility looks relatively weak right now, we could move to the bottom of the green box. This green box has acted as strong support/resistance in the past, so I would expect to find at least a bounce from the bottom of the box. 5) As of now, I am relatively bullish on this on the short term, especially if bitcoin keeps rising. FTM really needs to break the resistance ahead of it though or else it could send us lower. 6) This is not financial advice and always do your own research before entering the market.
Long
by MarketM8ker
FANTOM- Time to Rise💎👻 We see support here and the market is attempting a rebound. Could this be FANTOM's time to shine again? Possibly! Many first and second-generation blockchains like Bitcoin and Ethereum were not designed for scalability. They only prioritized security and decentralization. This resulted in slower transaction speeds in the network, especially when new nodes were introduced. For instance, a transaction on the Bitcoin blockchain network could take up to 15 minutes, whereas transactions in the Fantom network takes only a few seconds. Fantom addressed the 'blockchain trilemma' of balancing speed, security, and decentralization using the unique Lachesis consensus. The PoS process of Lachesis allows validators to create new blocks by staking their FTM, like any other PoS blockchain. But the critical feature of the Lachesis consensus is that the aBFT protocol allows nodes to create blocks independently. The Byzantine Fault Tolerance algorithm allows for consensus even if there are faulty or malicious nodes in the network. Theoretically, it could handle up to one-third of faulty or malicious nodes without negatively affecting the network. Therefore, nodes can reach consensus alone through a two-stage block confirmation process as long as they reach a two-thirds supermajority. This means there are no leader nodes responsible for creating blocks, which results in faster transactions while maintaining high levels of security. The fantom network is more decentralized as the blocks in the network are independent. Every decentralized application runs on an independent blockchain structure that is connected to the Lachesis consensus. The Fantom Opera mainnet utilises the Fantom Virtual Machine. This is Fantom’s software development kit that provides the framework to develop and deploy decentralized finance applications on the network. In addition, Opera is also compatible with the Ethereum Virtual Machine (EVM). It allows developers to move their Ethereum based decentralized applications onto the Fantom network seamlessly and provides interoperability with the world's biggest smart contract-based platform. Can Fantom dethrone Ethereum? While Fantom is relatively young, it has a lot going for it, especially as a contender to Ethereum. It is more decentralized due to its independent blocks, and it takes 1-2 seconds to complete a transaction on the network. It is also slowly becoming a hub for DeFi projects. According to data from Defi Llama, in January, Fantom became the third-largest decentralized finance (DeFi) ecosystem in terms of total value locked in. Let's see if FANTOM can get back on the right path now. One Love, the FXPROFESSOR
Long
by FX_Professor
3
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
Long
by BitonGroup
8
Fantom / TetherUS Weekly Timeframe for Long-Term and Swing TradeHI here we have Fantom (FTMUSDT) analyzed using complete Price Action method where its key levels lies on the Key Fib points and absolutes support and resistances are specified and forecasted the price movement and immediate target Points to aim for as it is visible this coin is in the initial phases of volume accumulation so once it reaches the One Billion dollars market cap we can expect very good growth from our investment we have zones and a projection time slabs where approximately we are expecting the market to reach by then. please comment your opinions
Long
by BitonGroup
Long term Bullish, but could pull back once more. A couple things: 1) In my previous post I mentioned we would likely come down to the green box and set a bottom, and drew the red arrow. I've adjusted the box to better fit the previous bottoms and tops set but even then we barely scraped the top of it. 2) We have managed to rally right back into resistance, as you can see with the red up trending zone of what was support as well as the EMA spread and the 200 EMA. So, with this being said: a) Green box is providing decent support. b) we really need to break back into the triangle pattern on the daily, as well as break above the EMA ribbon. c) if we do not break above these resistances we could very well double bottom, seeing support at the green box again. Now if bitcoin blasts off to 60k shortly and takes everything with it, we could very well see quite the explosion though these resistance levels to the upside. Do not be surprised if FTM sees another re-test of this green box on the short term though. Overall i'm pretty bullish on this as long as we hold the green box, especially seeing that the majority of coins are now moving upwards as well. This is not financial advice and always do your own research.
Long
by MarketM8ker
FTM/USDT: BREAKING OUT OF THE FALLING WEDGE PATTERN.Welcome members, to this UPDATE ON FTM. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. FTM/USDT is breaking above the falling wedge pattern. Ever since FTM got rejected at $2.07, it has been dipping down badly. For almost 7 days FTM is under the falling wedge pattern and currently, FTM is breaking out of this falling wedge pattern. Technically, this looks good but let's not FOMO on this one and wait for the confirmation. I am expecting a retest and then a rally. We can enter this trade once we get a confirmation between $1.08 to $1.109. The SL will be below $1.02 and the target will be between 10% to 15%. This chart will get invalidated if FTM gets rejected from the upper trendline and enters back into the FW pattern. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
Long
by Dexter_The_Trader
FANTOM- Stable but we want more💎👻 FANTOM has been rising again nicely, despite the turbulence in the markets. In our last post a good entry was given and support worked nicely: A nice article to read: This cryptocurrency is worth $5.1 billion and surpassed Ethereum in transactions — here's why analysts think it's the latest competitor to the blockchain giants The Fantom Innovation The second age of digital currency has arrived, with new money and new networks, including Ethereum, Cardano and Fantom. These and other new systems lend digital currency essential advantages it didn’t have with Bitcoin: speed and scalability. Established in 2018 by Dr. Ahn Byung Ik and colleagues working together in Australia, the Fantom organization has since moved its headquarters to South Korea. The system runs on an extensive matrix of blockchain-powered networks. Each network operates independently, allowing the entire system greater speed and scalability as new users join. One Love, the FXPROFESSOR
Long
by FX_Professor
3