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Fantomforecast

$FTM FANTOM broke the downtrend and preparing for an uptrend!BINANCE:FTMUSDT has recently broken through its Major Resistance Trendline and successfully consolidated above this level, signaling a potential trend reversal and the beginning of a displacement towards buy-side liquidity sitting just above the current structure. We’ve observed a clean breakout from the downtrend, which now positions FTM in a bullish scenario. The price action is likely to experience a short pullback into the 4H Breakaway Gap (as shown on the chart), where we can expect further accumulation before a continuation towards higher liquidity zones. Suggested Entries and Targets: Entry: On the pullback to the 4H Breakaway Gap around $0.71 - $0.72 TP1: $0.85 - The first target aligns with the next structural resistance. TP2: $0.95 - A move toward this level would target liquidity resting near psychological resistance levels. SL: Below $0.68, under the breakaway gap, to avoid exposure to potential downside volatility. Given the bullish momentum and structure development, we are preparing for further upside movement. As always, smart and safe trades with proper risk management are key. Please feel free to share your thoughts and ideas in the comments. Always stick to your strategy and follow updates closely.
by MadeByAK
FTM → Fantom Aims for Resistance Zone! Should We Short Here?FTM came into contact with the Daily 200EMA support after three pushes down, a pullback from the $0.57 high. The price bounced off of the 200EMA and is in now what appears to be a second leg up toward the high. Should we prepare to enter a short? How do we trade this? 🤔 We need this bull pattern to play out and give us a reversal signal before we entertain a short. I believe Bitcoin has some more time in the coming days and even weeks to potentially top out and reverse hard to the downside. That gives the altcoin market some time to either go sideways or find some momentum toward the upside. ETH is showing us that momentum now. Wait for another push or two toward the $0.57 high, wait for a double top reversal signal, then enter a short position with a stop loss placed above the Resistance Zone. An entry around $0.51 gives us enough room for a 1:2 Risk/Reward trade since the second take profit will be in the Daily 200EMA support area at $0.35. Close out the first half of your position at 1:1 Risk/Reward and move the stop loss up to the entry price, this locks in profits and allows the second half of the trade to be executed without the fear of loss. This, being a counter-trend trade in a bull market, comes with a lower probability of profit, which is why half of our position ought to be a scalp. The conditions listed must be met for this trade to work. I will also add that longing here is not recommended with the crypto market burning as hot as it is for as long as it has been. We're due for a hard pullback of at least 30-50% before we see new all-time highs for Bitcoin. I stand firm on that warning, given the distance we've traveled since the $15,000 low; the probability falls the longer we march upward. 💡 Trade Idea 💡 Short Entry: $0.51 🟥 Stop Loss: $0.59 ✅ Take Profit #1: $0.43 ✅ Take Profit #2: $0.35 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Found Support at the Daily 200EMA after a three-legged pullback from the $0.57 high 2. Two legs up in a new bull pattern 3. Looking for a third leg up followed by a double-top reversal signal 4. RSI at 57.00 and at the moving average. Room to move up before a fall. 5. Wait for these conditions to be met then aim for a 1:2 Risk/Reward short. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering
FTM → A High Profit Opportunity! This Analysis Breaks it Down.Fantom is marching forward in a bull channel, breaking previous resistance and setting its sights on $0.34. It looks like we have a clear shot to the next resistance level, but is it safe to long now? How do we trade this? The bulls have several data points on their side; a bull channel, breaking of previous resistance, successfully testing that resistance as support, but is that enough to enter a long? Not yet! What we need now is a bull confirmation candle on this second support test. The last hourly candle just closed above support a few minutes ago, we need to hold this price and close a strong bull candle to justify a long. If FTM delivers, set a protective stop below the "New Support" line and set a take profit at a 1:2 Risk/Reward ratio. The next resistance level on this timeframe is just below $0.35, so it's reasonable to take your profits before then. Also, keep an eye on Bitcoin as a leading market indicator, it's into new high territory for this bull run and we need to be vigilant about reversal candles appearing. If one does, be prepared to change your bias to short! Trade Idea Long Entry : $0.325 Stop Loss: $0.319 Take Profit: $0.340 Risk/Reward Ratio: 1:2 Key Takeaways 1. Bull Channel, Bias to Long! 2. Broke out of Previous Resistance, Now Testing Support. 3. RSI at 56.00 and below Moving Average, Bias to Short. 4. Wait for a Bull Confirmation Candle Above Support. 5. Long 1:2 Risk/Reward, Stop Loss below New Support. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
6
FTM Time to Buy!? Or Will The Price Fall Back to $0.20?FTM is in a strong bull channel eyeing a target of $0.42 at the Weekly 200EMA! But with Bitcoin potentially pulling back, will it hinder FTM's chances of reaching the target? How do we trade this? The most important aspect of this moment is that FTM is in a bull channel, which means the probability of profit is greater when longing. There are no definitive reversal patterns yet, so we should be looking for long entries. Bitcoin may be signaling a minor pullback as shown in my recent analysis, and if that pans out, it may hinder FTM's ability to climb in price. This will likely bring FTM down to $0.325 at the bull channel support line, where we should look for either a bounce or breakout to the downside. A bounce should consist of a bull signal bar followed by confirmation, a strong bull bar closing on or near its high. If the price falls through the channel support, we should be looking for a strong bear bar closing near its low followed by a test of the channel low. At this point, we should be looking for a short entry. Key Points 1. Bull Channel, Always in Long 2. Weekly 200EMA Target 3. Gap to bottom of channel, $0.325 4. Bitcoin leading indicator, risk of pullback 5. RSI around 55.00, Wait for more Price Action. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
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 ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
7
FTM - Fantom - ghosts of Andre / pick your poison degensFTM - Fantom - ghosts of Andre / pick your poison degens Last idea attached was range prediction which worked out well, just needed to be stretched out a bit but hey same shit. THIS IDEA: option 1 ; yay option 2 ; poo + extra poo maybe option 3 ; poo + extra mega poo (not on chart but its like -8373738% i even put the fractals on for your viewing pleasure. I have no idea which fractal plays but i feel like one of them will. note the option 1 CMF looks very similar, where as option 2 not so much. RSI could play both ways but option 1 looks a bit better. Invalidation levels are quite clear ; id play it on a macro scale to those. note; if option 1 is a go then interestingly avax ran a few days earlier for its first pump. so maybe the nifty move is to all in avax, get that pump to last high, then go all in ftm. ill be trying that anyway if option 1 seems likely. then again maybe we are in completely uncharted waters and this thing does something novel. theres a good chance of that too. i just use fractals to try and give me some bearing not read the future. that said they often play out very well (until they suddenly don't). my theory on that is the market makers algos basically run the same programs to fleece the noob leveraged degens might do a avax chart but this is prob my last until we see where this ship is headed. should find out very soon. gl
BINANCE:FTMUSD
by Crypto-Quantum-Fox
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
by MillionaireEconomics
1
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. _______________________________ 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 :)
by P_S_trade
32
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
by MillionaireEconomics
16
FTM 12h How much more strength and enthusiasm do buyers have?Trading pair FTMUSDT is probably one of the few, which in the last month is only growing, relentlessly, despite the trading maneuvers of the pair BTCUSDT. Let's try to understand what is happening now on the FTMUSD price chart. We can assume that an expanding triangle was forming on the chart from March to August, but usually such a pattern is formed on global highs or lows for a trend reversal. But on this chart, the price of FTMUSDT confidently broke through the upper boundary, and on the sharp correction of the crypto market on 07.09.21, the price of FTM fell by 39%. On the one hand — this strong fall eliminated a large number of margin positions, but on the other hand — this fall was sharply bought off and looks like a retest of the upper boundary of the triangle for strength. The growth in the FTMUSD has been going on for quite a long time and without a pullback, so it is worth suggesting several possible developments in the future: 1) if the buyers do not allow the price of FTM to fall below $1.75 today/tomorrow, we can count on the growth to $2.30-2.40. 2) below $1.75 we have a buyers' bastion of protection around $1.13. If the buyers show their activity there for the second time, the consolidation can be prolonged, but the target for the global growth will grow to $5.20 3) The price fixing under $1.13 will mean that the buyers gave the initiative to the sellers, and this in turn will mean the continuation of falling price. The first strong support from the bottom is near $0.55 , and the global fall may finish near $0.30. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
47
FTM will keep momentum?$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?
Long
by wasavim
1