🚀 FTM (Fantom) Trade Setup 🚀📊 Analysis:
Breakout Confirmation: FTM has broken the $0.60 area of resistance and flipped it into support, indicating potential for trend continuation.
Buy Zone Retest: Look for any retest of the buy zone to gain market exposure.
Entry the trade between $0.63 - $0.715
Initial Take Profit: Target the next area of resistance around $1 as an initial TP area.
Extended Take Profit: Consider extending the take profit to $1.6 for additional gains.
Stop Loss: Set the stop loss just below the $0.55 level to manage potential losses.
🌐 Note: Stay updated on market conditions and adapt your strategy as needed.
FTM
AT CryptoScan: Why I like FTMUSD... Projection to 1.10This is the FTMUSD chart and how I do the projection.
I like FTM cos of
1. What it is
2. It is a reliable laggard that moves after BTC or ETH moves
3. It moves more in percentage terms
4. Technical indicators and chart patterns are relatively stable
Do note that there is a target and a top out date/time.
So... here it is! Let's track it!!!
FTMUSDT.1DBased on the given market data, the FTM/USDT pair is currently trading at a price of 0.79 USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly charts suggest that the pair is somewhat overbought, with the RSI values being 63.11, 82.59, and 78.46 respectively. An RSI above 70 usually indicates overbought conditions, suggesting a potential price correction in the future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, daily and weekly charts are positive, indicating bullish momentum in the short, medium, and long term. However, as the RSI is high, the bullish momentum may slow down or reverse due to potential overbuying.
The Bollinger Bands (Bb) on the 4-hour and daily charts are 0.85, suggesting that the pair is trading near the upper band, another sign of overbuying. However, on the weekly chart, the Bb is 1.010, which is above the current price, indicating that there may be room for upward movement.
The support levels on the 4-hour, daily, and weekly charts are 0.63, 0.68, and 0.59 respectively, which could provide a safety net if the price starts to fall. The resistance levels on the 4-hour, daily, and weekly charts are 0.95, 1.113, and 1.11 respectively, indicating potential targets for the price to reach if the bullish momentum continues.
In conclusion, while there are bullish signs for FTM/USDT in the short, medium, and long term, the overbought conditions suggest caution. It may be wise to wait for a potential price correction before considering a long position. However, if the price breaks the resistance levels, it could potentially continue its upward trend. Please note that this analysis is based on the current market data and does not take into account potential future events or changes in market conditions. Always do your own research and consider your risk tolerance before making investment decisions.
FTMUSDT has surged by an impressive 101.24%#FTMUSDT
Target 4️⃣ : done✅
Entry price: 0.4251$✅
Price reached : 0.8555$ ✅
Profit: 101.12% ✅🚀🚀🤑
The cryptocurrency FTMUSDT has surged by an impressive 101.24%, reaching a price of 0.8555. This significant increase underscores strong market demand and bullish momentum for FTMUSDT. Such a surge may signal further investor interest and potential price appreciation in the near term.
🔥 FTM Cup & Handle Break Out Confirmed!Around three weeks ago I made an analysis on FTM where I discussed the pending break out of the cup & handle pattern.
As seen on the chart, the pattern has been successfully confirmed and a break out is currently underway. FTM is now trading at it's highest point in 22 months.
2$ is the target for now. If BTC will soon break through 70k with confidence, we might move the profit target to 3.45$ or even 5$.
FTM is going to fly.
FTM : trade in reng📊Analysis by AhmadArz:
🔍Entry: 0.634
🛑Stop Loss: 0.597
🎯Take Profit: 0.664 - 0.668
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Alikze »» BTC | Next move scenariosAccording to the analysis presented in the weekly time frame, Bitcoin registered a new ATH and is currently facing selling pressure in the lower time frame. Three movement scenarios can be considered for the next movements of Bitcoin.
🔰 The first scenario : if it is not able to break this ceiling in the weekly or daily time, it can continue its growth with a pullback to Fibo 0.78, the range of $50,000 and confirmation of the return to Fibo 1.618 and the next supply area.
🔰 The second scenario : with the failure of the current area, it will grow up to the Fibo 1.618 range of $75,000 and continue its growth with a pullback to the previous major ceiling until the supply area.
🔰 Third scenario : if it enters the correction phase and if it breaks the 0.78 fibo, this correction will continue and probably touch the 1.272 fibo of the previous wave.
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FTM's attractive roadmapFirst of all, pay attention to the time frame, the time frame is big and time consuming.
A large and time-consuming diamond diametric has started from where we entered "Start" on the chart.
It seems that we are now in the indiametric "G" wave, which is the last wave.
A supportive "flip" area has formed on the chart, which is very strong. According to the order flow, now the buy orders that can start the rising wave towards the target of "$1.9" are within the "damnad" range.
The targets are listed on the chart.
Closing a candlestick below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FTM FANTOM EW COUNTFTM had great run up off the lows but has been sluggish and weak since. Perhaps can be viewed as consolidating/accumulation
AM favoring 'the top' is close but also considering another leg higher might be in play after current pullback.
We will have to wait and see how the current pullback plays out and see how markets behave over next few days/weeks.
Opportunity to go long may be a favorable trade as I personally do favor another leg higher; a stop loss at previous low is ideal area to consider for managing risk.
Will update the wave counts as candles print. For now, nothing major.
Current sequence appears to be impulsive sequence of wave i-v to complete the corrective ABC as a wave ((4)).
We shall see how this plays out.
As always trade safe. If you would like to leave comments or share, please feel free.
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Happy Trading
Cheers
#FTM Possible Elliott scenarioAfter touching the range specified in the previous post, it is still moving in a downward channel. At the bottom of the channel, it has gone through a full cycle of correction, which has currently had a full cycle in the form of wave 1 of ascension, and the current correction is a response to the rise from the channel floor to the channel ceiling. The two PRZ zones can complete the wave 2 correction and after that it should witness the exit from the descending channel. But now, if we have confirmation of the continuation of the process, the roof of the channel and the roof of the minor should be broken upwards, so that I can clearly say that the correction of wave 2 is over. Therefore, for the moment, you can act in these two ways for the buying position. Either you have to wait for the second PRZ, or after the break of the ceiling of the channel or the ceiling of the minor supply, it will enter wave 3 or C...
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FTM after the pullback will continue the uptrend FTM after rejection from the key resistance zone and the pullback will continue the uptrend
🔵Entry Zone 0.4876 - 0.5084
🔴SL 0.4571
🟢TP1 0.5488
🟢TP2 0.6384
🟢TP3 0.7554
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#FTM #FTMUSD #FTMUSDT #Analysis #Eddy#FTM #FTMUSD #FTMUSDT #Analysis #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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BTCUSDT.P Setups 1+2 :
BTCUSDT.P Setups : 3+4 :
I also suggest you to view my #Analysis of #Bitcoin from the link below :
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
FTM heating up, first really big move about to comeFTM price lagging but not the technology.
If you're not already in FTM you should consider.
The first big FTM bull run wave hasn't started yet, big opportunity before the weekly resistance break.
This idea is simple - buy on touch on the daily trendline (front run the big move) or wait for breaking the daily and weekly resistance area.
Ride FTM to close to 1 dollar (0.99 or so) or hold longer - non financial advice.
FTM/BTC - Fantom: Failure Swing◳◱ On the $FTM/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.00000841 | 0.00000871 | 0.0000094 and support near 0.00000772 | 0.00000733 | 0.00000664. Entering trades at 0.00000806 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Fantom
▣ Rank: 73
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Fantom, founded in 2018, is a Layer 1 project that uses a single consensus layer to support the creation of multiple execution chains. FTM, the project's native token, is used for payments, governance, and ongoing block rewards sent to validators and delegators who stake FTM. The network's independent consensus layer, called Lachesis, features a novel consensus mechanism developed by the Fantom Foundation dubbed the "Lachesis Protocol." Lachesis can provide security to multiple other layers, the first of which is Fantom's EVM-compatible smart contract chain called Opera. The project's goal is to host an ecosystem of execution layers while enabling them to feature fast and cost-efficient transactions derived from the benefits of the proprietary Lachesis Protocol.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000806 ₿
▣ 24HVol: 27.467 ₿
▣ 24H Chng: 3.599%
▣ 7-Days Chng: 2.63%
▣ 1-Month Chng: 22.76%
▣ 3-Months Chng: 32.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000841 | 0.00000871 | 0.0000094
◢ Support: 0.00000772 | 0.00000733 | 0.00000664
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.83
▣ Last 90D: 1.55
▣ Last 1-Y: 0.10
▣ Last 3-Y: 0.68
◲◰ Volatility :
▣ Last 30D: 0.60
▣ Last 90D: 0.93
▣ Last 1-Y: 0.89
▣ Last 3-Y: 1.45
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.54 - Bullish
▣ Reddit sentiment score is 0.53 - Bullish
▣ In-depth FTMBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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