This Logarithmic Chart Shows Fantom at Key IntersectionThe weekly Fantom (FTM) chart exposes a massive logarithmic channel that shows the FTM price at a key intersection between the bottom of the channel and a multi-year support level. An analysis of the FTM price action behavior within the logarithmic channel may reveal its next move.
FTM Logarithmic Channel
Long term, the FTM price remains locked in a logarithmic ascending channel. By connecting the previous peaks and bottoms, we can outline a clear ascending channel that shows potential future directions of FTM price.
In the short-term, FTM is already bouncing off the bottom of the channel. The bottom of the channel also aligns with a multi-year support zone between $0.15 and $0.16, which adds more confluence to this price area.
FTM Bullish/Bearish Cycles
The channel’s middle boundary played a major role in delimiting FTM’s bullish and bearish cycles. When the FTM price broke below the middle of the channel, we entered a bearish cycle.
We can also note an almost perfect symmetry between the length of the bullish cycle and the length of the bearish cycles. On average, FTM price has experienced a 60 week cycle.
If we project the same 60-week cycle into the future, we can expect FTM price to break the middle of the logarithmic channel by mid-2023, which would also be the start of the next bullish cycle.
RSI Oscillator
The Relative Strength Index (RSI) has the tendency to call the breakout of the middle channel in advance. A break above the 50 midpoint can potentially signal that the bottom is set in place.
Looking forward: The first resistance level comes near $0.42 level followed by the $1.0 big psychological level.
FTM
FTM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the FTM symbol.
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 time for a small pullbackFTM is at a pivotal point which gives us a great risk reward trade.
i am setting 3 short orders at
0.2425
0.2440
0.2480
I have 3 take profi points as well.
0.2402
0.2385
0.2352
Stop loss if 1h candle closes above 0.2480 so keep an eye on it.
max loss 1%
max profit 4%
LEV x2
( while writing this post,i got in at first entry,but you can set the orders,it is still valid)
FOLLOW FOR MORE
The next resistance levels!FTM has recorded very good growth in the last 24 hours. Its price, which was above the resistance level of $0.20 with increasing demand, continued to move upward yesterday and today. The next resistance levels that we can consider for FTM are in the range of $0.26 and $0.29-0.31. . Fantom is still bearish on the daily time frame, and the resistances it targets could come with a reaction. But in the 4-hour time frame, the trend is upward, and the pullback towards the supports can bring signs of support again for the short term.
Fantom Has More To Give | 70% Potential Short-TermJust two days ago we looked at Fantom vs Tether (FTMUSDT) and would like an update as the chart looks really strong.
Previous trade idea | 28-Nov. Fantom Early Recovery | 100% Easy Potential Mapped
Fantom is already moving but this is only the beginning, more is on the way.
Today we have the 3D chart with an incredibly strong bullish bias.
First, we have the last 3 candles closing green, that's 9 days total where FTMUSDT has been bullish.
We have a strong RSI and prices already trading above EMA10 and EMA21.
The immediate resistance is set at 0.2575.
The main target is set at 0.4078 for a total of 70%, short-term, that is within a month...
We should start seeing things speed up for the cryptocurrency market as a whole.
Namaste.
FTM Pumps Higher! What Levels Are Next? FTM has been quite the outperformer today pumping more than 15% and leading the charts on Coinmarketcap! Let's take a deep dive into some technical analysis and where my current targets lie:
1. Looking at the 12h chart for Fantom, we can see the Whales buy-sell indicator flashed a buy and combined with our RSI that was also over the signal line, that gave us our entry at 0.18. Since then, it's pumped over 33% :)
2. The next big resistance level for FTM is 0.245. This coincides with our previous resistance on Oct 31st. I'm watching this level closely and starting to take profits as we are very over-extended. I would look towards the 0.21 level if you're thinking of entering. That was key support on Oct 28th and was previous resistance turned support on Nov 11th. If it falls through that, then 0.19 is your next bet as it was previous resistance turned support on Nov 16th.
3. I believe FTM still has room to run this year as Andre (founder of Fantom) has been publishing various articles confirming it's longevity and continued progression in the space.
If you enjoyed my TA, please give this article a boost to help spread to the masses! And if you have any questions about my TA or indicators used, leave a comment please or send me a PM :)
Thanks for reading!
FTMUSDT Bullish short-term + break-out target.*** ***
For this particular analysis on the Fantom token we are using the FTMUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where FTM has been trading within a Falling Wedge pattern since the May 23 2022 Lower High. Today it broke above the 1D MA50 (blue trend-line) for the first time since November 08 and that alone calls for a bullish extension towards the top (Lower Highs trend-line) of the Falling Wedge.
That would mean hitting the 1D MA200 (orange trend-line), which has been intact since March 03 2022. That would fall nicely on the 0.618 Fibonacci retracement level, which both previous Lower Highs either approached or marginally broke. A break above the 0.786 Fib (above the Falling Wedge) will be a bullish break-out signal for us, targeting the 0.4200 Resistance (August 13 High).
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FTMIn order to understand this analysis I must explain The green ABC inside of the circle, the yellow 5 up below the A wave inside the circle. Also The red ABC down and the green B inside the circle. Also the Blue line & the triangle.
1st my HTF analysis is that FTM is inside of a bearish ABC up on the monthly TF. A zig zag on weekly TF will create the waves on the monthly TF . 5 up for wave A inside of the green circle ended in 2021 & started in 2020 closing that TF off and making the highs above $3 last year. Wave A
2nd green B wave inside the circle (currently finishing in 2022) the red ABC down will make the B wave on the monthly TF , 618% green fib level or more likely 786% is a perfect area to find support for a B wave on any TF. Wave B
3rd blue line from bottom of the triangle points directly at the 786% and is measured from height of top TL down to bottom TL of the massive triangle correction. This shows that a big move down is likely.
After we confirm the B wave on HTF monthly chart between .07 to.01c we can plot wave C on the HTF which is not visible in my chart. But if I had to project or forecast this future PA I would say C wave can easily do a 1 to 1 fib extension from the top of the green A wave on the HTF , down to green B wave HTF & we get a target around $30-$34 into 2024.
Also this chart is Log scale as per my preference with EW..
Fantom (FTM) - November 29Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(FTMBTC 1W chart)
It must rise above 0.0000 1374 to gain the strength of the rise.
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(FTMUSDT 1W chart)
The key question is whether the price can sustain the move above 0.3339.
(1D chart)
The key is whether the price can sustain above 0.2280 to break out of the downtrend line.
If not, you should check for support around 0.1799.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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FTM / USDT 1D Interval We will now check the situation on FTM to USDT, first we will mark the downtrend channel in which the price has been moving for a long time, while locally we can mark the uptrend lines with yellow color.
As we can see we have a strong support zone from the seventeen cents to fifteen cents level which must hold the price to prevent it from deepening the channel, however if we go lower we can see the price around thirteen cents.
Looking the other way, we see that the first resistance is at twenty-one cents, the second at twenty-three cents, the third at twenty-four cents, and the fourth at twenty-seven cents. Only overcoming these resistances and leaving the channel upwards can open the way for greater increases.
Nevertheless, we can see that the energy is strongly charged and the makdi indicates an uptrend, and the volume is on the side of the buyers, if BTC maintains its level or starts to grow, we can see an increase in the FTM price.
FTM has held its key support!FTM has held its key support in the $0.17-$0.19 range for the past few weeks and has moved back towards the $0.20 target as a positive divergence has formed in line with last week's formation. In the 4-hour period, the price trend is still in the range, and the resistance that we can consider is in the range of $0.193 to $0.200. Several negative reactions to this resistance have caused the trend to range.
If you look closely at the chart, the midline of the drawn descending channel has also overlapped with this range, which shows the strength of this range in the lower time frames. If this resistance is broken, support from buyers is needed to bring the price back above the $0.210 level. Otherwise, there is a possibility of fake breaking the resistance of $0.20 and returning to the main supports. But if the resistances are broken, and we see price consolidation, Phantom will find the potential for the price to rise to the top of the descending channel in the $0.25 range.
Fantom vs Bitcoin Moves Above EMA50 (85% Target Mapped)The Bitcoin pair for Fantom (FTMBTC) is producing a bullish breakout now just as the Tether pair but it looks better.
We can see a volume breakout today, above-average/high volume, as prices move above EMA10, EMA21 and EMA50.
We also have higher lows since June 2022.
These signals are enough to support the bulls.
Based on these signals we can say that Fantom is baised to grow.
The targets are mapped on the chart.
85% is doable in the short-term.
As usual, mid- and long-term there can be so much more.
Namaste.
Fantom Early Recovery | 100 Easy Potential MappedThe inverse H&S or 3 drops pattern that I just mentioned on the Bitcoin chart has shown here on FTMUSDT.
After the 6-9 Nov. Drop, we have two more drops and then we see Fantom starting to recover.
The last drop happened earlier today and we already see this pair moving above EMA10 and EMA21.
The 100% mapped on this chart is just the easy target, there is room long-term for so much more.
Enjoy.
Namaste.
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
FTM / USDT 4H Interval - Targets and ResistanceHello everyone, let's look at the FTM to USDT chart on a four-hour time frame. As you can see, the price has broken out of the local downtrend line.
Let's start with the support line and as you can see the first support is $0.184, if the support is broken then the next support is $0.178, $0.172 and $0.167.
Now let's go to the resistance line, as you can see the first resistance is $0.193, if you manage to break it, the next resistance will be $0.198, $0.206 and $0.216, reaching the fourth resistance will give the price an increase of fourteen percent from the current price.
Looking at the CHOP indicator, we see that in the four-hour interval we still have a lot of energy for further movement, and the makdi indicator indicates a local uptrend.
Bye Sam- We will be better off without you 👋 October 31st we had issued the last warning (of many) against FTX and the semi-retarded 'Mr' Sam Bankman-Fried.
The world of crypto is beautiful and it is here to stay.
Yes, Lunas and FTXs will arise and yes they will fall and disappear but Blockchain is here to stay.
So, farewell 'Mr' Sam. We will be better off without you. You opened the door for regulators to storm in, but that's also a good thing looking forward.
OCT 31st message:
☝️Eric Voorhees is the good side of crypto..
SBF and FTX are the BAD side of crypto.
The sooner SBF(Sam) fails the better for all of us.
FTX is bad news 👈🤢
Sam Bankman is the Mark Zuckerberg of crypto 🤮💩 🤮
If you have no time to watch all of it this is the 1 min you should watch
PS. I don't think Binance will be willing to bail them out, There might be more pain incoming but also opportunity arises. time to choose the GOOD projects that will STAY and invest in those.
One Love,
the FXPROFESSOR
FTM Breaking Support and Looks to Be Heading to Half a CentFTM is Breaking Bearishly below Weekly Support and is also Breaking through the confirmation line of a 3 Falling Peaks Pattern and the next logical level for it to retrace to will be the 61.8% Retrace at 3.2 Cents and the 88.6% Rretrace at Forty-Two Hundredths of a Cent.
I don't really have an entry on this one i just wanted to document the price action of this chart.
ftm ideasbuy back around 0.19 to 0.21. be patient. Also use bitcoin to help decide the next direction in an altcoin. For example, bitcoin stays around 19,000 USD and hold and ftm is back around 0.20 good idea to buy, But if bitcoin is failing past that 17,500k level. Good idea to wait it out. My opinion bitcoin will mostly like stay in this range for a while, But if it breaks 18,300 to the down side my opinion will change. Stay level head and patient. Now is the time to be focusing more on swinging trading taking profits like 30% percent then getting out, and looking for the next opportunity. If your not a trader just keep dollar cost averaging into your favourite altcoins. As always do your reach search, and form your own plan.
P.S I'm not a financial adviser do your own researchh, I'm not reasonable for your loses