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FTM

FTMUSDT.1DUpon reviewing the daily chart for FTM/USDT, I see a fascinating trend and pattern development that deserves attention. Currently, the price is around $0.4712, showing some signs of recovery after a prolonged downtrend. Trend Analysis: The previous downtrend was marked by a series of lower highs and lower lows, as depicted by the descending trendline. Recently, the price has broken above this trendline, suggesting a potential reversal or at least a pause in the downtrend. This breakout could be an early signal of changing dynamics in the market. Key Support and Resistance Levels: Support 1 (S1): $0.2563 - This level, marked on the chart, has previously acted as strong support. It's critical because if the price were to decline, a hold above this level could reinforce bullish sentiments. Resistance 1 (R1): $0.5715 - This level is the immediate hurdle for any upward movement. It coincides with past price reactions, making it a significant threshold for further gains. Resistance 2 (R2): $0.7985 - Should the price move past R1, this next level would likely act as a substantial resistance, being a previous high area. Technical Indicators: MACD: The MACD line is above the signal line and both are above zero. This indicates increasing bullish momentum, which supports the potential for further price increases if the trend continues. RSI: The Relative Strength Index is around 31.60, close to the oversold territory. This suggests that the market could be undervalued at this point, potentially leading to a buying opportunity. Conclusion: The break above the descending trendline along with supportive indicators like MACD and RSI near oversold levels suggest an emerging bullish scenario. My strategy would be to watch for a sustained hold or consolidation above the trendline and possibly enter long positions near the support of $0.2563, targeting the next resistance levels. However, it's crucial to be vigilant and prepared to adjust strategy based on how the price reacts at these key resistance levels. Setting stop-losses below S1 would be prudent to manage potential downside risk. This approach offers a balanced view between optimistic recovery signals and the need for cautious risk management.
Long
by MarsSignals
1
FTM Long Position (Support Test Opportunity)Market Context: FTM has retraced to test the upper range of support, providing an opportunity for a long spot trade. Trade Setup: Entry: Ladder into a long spot trade at around $0.45 on the retrace. Take Profit: First target: $0.54 - $0.63 Second target: $0.75 - $0.85 Stop Loss: Just below $0.38 📊 This setup leverages the support retest for potential gains with clear profit targets and risk management in place. #FTM #CryptoTrading #SupportTrade
Long
by Richtv_official
FTM/USDT: BULL FLAG BREAK OUT! READY FOR 250% PUMP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! FTM looks good here. Break out from the bull flag-like structure in the daily time frame and currently going for a retest. Accumulate it in the green zone. Entry range:- $0.43-$0.48 Target:- 200-250% SL:- $0.34 What are your thoughts on FTM's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Fantom FTM price forming a powerful movementThe #Fantom price has been accelerating upwards quite aggressively for 3 days now. Now OKX:FTMUSDT is approaching the neck, which is the critical point of the inverted head and shoulders pattern. And now we have two options: 1️⃣ wait when #FTM price to breakout and consolidate above $0.51 and take a long from there. 2️⃣ or put “buckets” in the global purchase zone of $0.36-0.42, which we wrote about in our previous idea. 👇 Well, the take profit is $1 or $1.8, it depends on your trading strategy and patience)
by P_S_trade
Alikze »» BTC | Ascending diamond pattern🔍 Technical analysis: Ascending diamond pattern - According to the latest analysis presented , Bitcoin made a correction based on the predicted path to the second green box area of ​​the $50,000 correction range. - In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction. According to the formation of an ascending diamond pattern in the green box area, after the failure of the dynamic trigger, the diamond pattern will be confirmed and it can expect to climb up to the specified areas according to the previous analysis. 💎 Note: Also, if a failure occurs from the bottom of the template, this template is invalid and must be checked and updated again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BTCUSDT
Long
by alikze
2
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure - In the 4H time frame, after not being able to break the supply area, it has faced selling pressure. - Currently, a bullish pattern is observed, which has extended to the supply area. - Therefore, any pullback to a broken structure can face selling pressure again. - So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area. - In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618. Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area. 🛑Range of resistance or supply area: 531-547 🟢 Support area: 468-464 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BNBUSDT
Short
by alikze
There are emerging signs of a bullish divergenceIn the 4-hour chart for FTM, there are emerging signs of a bullish divergence, indicating the potential for a shift in market sentiment. The price has reached a key support zone between $0.38 and $0.4, which is recognized as a strong level that could prevent further decline. If the price finds stability in this support area, it could lead to an upward movement, targeting higher levels around $0.44 and $0.49. The formation of the bullish divergence adds to the likelihood of a positive reversal. This makes the current zone crucial for monitoring as it might offer a good opportunity for an upward move if the support holds. Given the current technical setup, keeping an eye on FTM is advisable, as further bullish confirmations could lead to a significant move upwards. However, if the support fails, the downtrend may continue, making it essential to watch how the price reacts in this area.
by MonoCoinSignal
FTM Long Position (Oversold Conditions) Market Context: FTM is at a key support level and is oversold on medium timeframes, making it a favorable candidate for a long trade. Trade Setup: Entry: Long spot position at $0.43 support level. Take Profit: First target: $0.50 Second target: $0.60 Stop Loss: Just below $0.40 📊 This setup aims to capitalize on the oversold conditions and key support, with clear profit targets and a tight stop loss to manage risk effectively. #FTM #CryptoTrading #SupportLevel
Long
by Richtv_official
Crucial Points To Prevent Further Price DeclinesBINANCE:FTMUSDT FTM is trading within the $0.46 to $0.48 support range. These levels serve as crucial points to prevent further price declines. If the price stabilizes within this range, there is a potential for an upward move. Potential Scenarios: Maintaining Support and Moving Upwards: If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives. Breaking Support and Continuing the Downtrend: If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
by MonoCoinSignal
Fantom: Come Back!We primarily expect a return into our orange Target Zone (between $0.3220 and $0.1866) before the orange wave v and thus the green wave comes to an end. After that, a sustained rise above the resistance at $0.54 should occur. However, as the price had already approached the range, the technical minimum requirement for the correction low has already have been met. Should we now see a rise above the resistance at $0.54 (33% likely), we will thus have to see the price in the orange-colored wave alt.i.
BINANCE:FTMUSD
by MarketIntel
FTM buy/long setupWe have a bullish iCH on the chart. A liquidity pool can be seen above the chart. The price has not reached the main supply and the internal structure is still bullish. FTM is expected to move from the demand box to the supply box. Closing a daily candle below the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Price Correction from the Resistance ZoneFTM is currently near the $0.40 to $0.42 resistance zone. This zone acts as a critical resistance in the chart, and a price correction from this area towards lower levels is possible. Potential Scenarios: Price Correction from the Resistance Zone: If the price fails to break through the $0.40 to $0.42 resistance zone, it is likely to move towards the $0.35 support level. This support level can act as a key point for a potential price rebound. Breaking Resistance and Continuing the Uptrend: If FTM can break through the $0.42 resistance and stabilize above it, this move could signal the continuation of the uptrend, with the price moving towards higher levels.
by MonoCoinSignal