FTM
$FTM lower timeframe rangeFTM is showing relatively strength over the last 24 hours
Nice bounce from daily demand zone, with 58.84% increase from the lows
4-hour timeframe:
Price is currently retesting the 4-hour ema200 (green), we can expect a rejection at this level
1-hour timeframe:
$0.37 is acting as support (equilibrium) , if we can manage to hold this level, a clear path toward $0.45. Failure to do so, revisiting the lows $.30 to $0.28 is plausible
Fantom FTMUPCOM:FTM is still in a bearish trend.
A confirmation for a beginning of a wave C has happened in my view, therefore an impulsive wave with 5 inner waves shall happen.
Passing above $1.2776 invalidates the idea.
I expect the bearish move to end between $0.0772 : $0.0314 according to the Fibonacci retracements 50% & 61.8%, but precisely at $0.0606 due to the 100% Fibonacci's extension from the wave A up to wave B.
- Note: Taking the Fibonacci retracements & extensions targets as accurate or precise numbers is wrong. They're just used as guides to where the price is expected to bounce from or to go to.
FTM basic technical analysisGATEIO:FTMUSDT
Always keep your analysis on higher timeframes simple
Possible Targets and explanation idea
➡️Global weekly fib. Trade now under -0.27 zone (accumulation zone)
➡️Main stop losses marked on a chart
➡️Marked main target for global correction. Its not an option so all alts beat previews all time high
➡️Volume trade levels might be retest soon
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FTM main zones for 2023GATEIO:FTMUSDT
Possible Targets and explanation idea
➡️Marked 2 main Monthly gaps. Full fill bearish is 0.01$ Bullish 1.02$
➡️Take profit line by my indicator is 1.28 its a Top for 2023
➡️From May 2023 till Jan 2023 we was in disbelief zone (white zone on Market Mood)
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Trade Setup: FTM Long PositionMarket Context:
Despite some altcoins being at short-term resistance levels, the overall altcoin market is oversold on higher time frames.
A potential small pullback could present an opportunity to take long trades to the next resistance levels.
Trade Parameters:
Entry: Buy in the range of $0.30 to $0.3060.
Take Profit:
First target: $0.38 - $0.4233
Second target: $0.53 - $0.60
Stop Loss: Set just below $0.2850.
Additional Notes:
Monitor the market for signs of a small pullback to confirm the entry zone.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
Ensure to manage risk effectively, especially given the oversold conditions.
#FTM #TradingStrategy #CryptoTrading 🎯
Alikze »» FTM | Continue reforming on the descending channel🔍 Technical analysis: Continue reforming on the descending channel
- In the analysis presented in the previous post , after leaving the density to the first blue strip area it made the first correction.
- Currently, it is moving in a downtrend in a downtrend in a downtrend.
- Depending on the type of behavior and structure of this return, it can extend to the middle of the channel or the Test of the Neckline area.
- So we will expect to continue the correction after the middle of the channel to the floor of the canal, which can then continue with the channel breakdown to 0.26.
- This correction is generally for the completion of the 2 -correction wave that can have a complex combination modification.
- So we will continue to consider the upward trend after the short -term correction is completed.
💎 Alternative scenario: After supporting the blue and money -wide range, it can have a test to the supply area, which can continue up to the channel and fibo 1.272 if it fails.
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BINANCE:FTMUSDT
Alikze »» INJ | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the daily and 12H time frames.
- It has faced a complex zigzag correction structure after the end of the last bullish wave that extended around the 2.618 area and the price of $53.
- Currently, according to the downward momentum, it is approaching the OB region in the form of a three-wave pattern.
- So if the $18.75 range maintains the 1.618 Fibo, it can have an attempt to the $25 range.
In addition, in the continuation of it, if it faces selling pressure again, the last log can continue up to the range of the green box and Fibo 100.
💎 Alternative scenario: But if it faces selling pressure in the range of $25 and breaks it, the downward trend will continue in the range of the green box and continue with its failure until the range of 11.36.
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BINANCE:INJUSDT
FTM (Fantom): Approaching SupportTrade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and pulled back to $0.40 support that held in early July. If it breaks below that, it could resume its downtrend and revisit $0.30 next.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.50, then $0.62.
Fantom Struggling To Hold Support And About To Print Strong BearFantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment.
Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will see a breakout soon.
Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why:
FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop.
In case of a drop, the next support sits at ~0.35.
Why Fantom Faces The Risk Of A 20% Drop!In this video, I take a look at the Fantom (FTM) chart and discuss the bearish scenario of a 20% drop.
The analysis is based on trend line but especially on the Ichimoku trading system. In particular, I pay attention to a potential bearish cross of the Tenkan and Kijun lines that is about to happen below the Ichimoku cloud.
Tune in and let me know your thoughts!
VERY BULLISH ON FTM. Do Not Miss!High Time Frame POC tapped, Weekly level tapped, previous daily high broken, RSI Oversold, Double bottom pattern, high volume node above (Target) 22% away.
Chart looks bullish long term.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern
- It is moving in a downward channel in weekly and daily time.
- In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure.
- According to the current corrective structure, a head and shoulders pattern is formed.
- Also, due to the failure of the neck line, any return can be a pole back to the broken structure.
- So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618.
💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone.
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BINANCE:AVAXUSDT
FTM (Fantom): Approaching SupportTrade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and failed to stay above $0.50 resistance, which would signal trend reversal. If it breaks back above $0.50, it could revisit $0.60 for a +20% gain.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.50, then $0.62.
Trade Setup: FTM Long PositionMarket Context:
FTM has retraced down to the next area of support, presenting an opportunity to enter a long trade. The price might consolidate in this support area over the next couple of days.
Trade Parameters:
Entry: Ladder into a long trade in the $0.45 - $0.49 area of support.
Take Profit:
First target: $0.60 - $0.65
Second target: $0.73 - $0.80
Stop Loss: Set just below $0.40
📊 Monitor the price action for consolidation and signs of support holding before entering the trade. Adjust the setup as needed based on market dynamics to optimize the trade. #FTM #CryptoTrading #TradeSetup 🎯
FTM Technical AnalysisHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
UPCOM:FTM has shown a decent rebound after a 60% downtrend since May 2024.
The price is currently testing the resistance level at $0.55, where we have the primary resistance as well as the 35 EMA.
A breakout will likely continue the bullish move toward the upper resistance trendline at around $0.707. A rejection, on the other hand, will provide a good buying opportunity at around $0.432.
- Primary Resistance: $0.55.
- Mid-Resistance: $0.707.
- Higher Resistance: $1.242.
- Lower Support: $0.432.
DYOR, NFA.
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