Alikze »» DOT | 61.8 Fibo retest scenarioAccording to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92.
💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
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FTM
Alikze »» MATIC | Elliott Triangle pattern scenarioAccording to the previous analysis, the Metic currency went through an upward movement cycle. Currently, it is in a corner pattern in the weekly time, which was able to escape from it in the specified supply area with a short-term movement cycle.
💎 Currently, it has a corrective cycle up to the green box, which has moved downwards in a three-wave step in daily time.
💎 But now it can enter an upward cycle and retest the first supply area after confirming the green box. If confirmed, the area of upward movement can continue to extend to the base of the pattern, which can be checked further.
💎 Therefore, this upward movement can be followed in the form of wave 3 or 3 larger up to the specified areas.
💎 Alternative scenario: If the green box area is broken, this correction can be a combination correction that will have the ability to reach the 0.39 range.
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Alikze »» CAKE | Dynamic trigger failure and pullback completionIn time 1W, after a zigzag correction, it will have the ability to rise to the targets specified in the chart by breaking the dynamic trigger and pullback to it by breaking the most important neck line resistance. According to the current motivational wave, this step can be fast. But its first supply zone will be in the range of 4.8 to 5.4 dollars.
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Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it.
- It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger.
- A head and shoulder pattern has formed in the weekly time frame.
💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box.
💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5.
🛑 Resistance range: 6.25 - 9.38 - 12.5
🟩 Support range: 3.13 -2.35
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FTMUSDT.1DUpon analyzing the daily chart for FTM/USDT, several key technical elements provide a detailed view of the current market dynamics and potential future movements.
Technical Analysis Observations:
Support and Resistance Levels (S1, R1, R2):
Support Level 1 (S1): At approximately $0.2958, this level has been significant in providing a floor for the price action. Its strength as a support level will be tested if the price continues to decline.
Resistance Level 1 (R1): Positioned at $0.4435, this level represents the immediate resistance. Overcoming this level could indicate the beginning of a bullish correction.
Resistance Level 2 (R2): Located at $0.6066, this higher resistance level would be the next target in a sustained bullish movement.
Trend Indicators:
The downward trend indicated by the red trendline shows a bearish dominance in recent price action. The green arrow suggests a possible reversal if the price can break above this trendline.
The overall trend has been bearish, with consistent lower highs and lower lows.
RSI (Relative Strength Index):
The RSI is at 37.79, which is close to the oversold territory. This indicates that the selling pressure might be overextended, and a reversal or consolidation phase could be imminent.
MACD (Moving Average Convergence Divergence):
The MACD lines are below the signal line, and the histogram is negative, indicating continued bearish momentum. However, the flattening of the MACD lines suggests a potential slowdown in bearish momentum.
Conclusion:
The FTM/USDT pair is currently navigating near a critical support level at $0.2958. The proximity of the RSI to oversold levels indicates that a potential rebound could be on the horizon. However, the bearish sentiment confirmed by the MACD suggests caution.
Potential trading strategies could include waiting for a clear breakout above the downward trendline (R1) with confirmation from volume and other indicators like a bullish MACD crossover. A successful breakout above $0.4435 could target the next resistance at $0.6066. On the downside, a break below $0.2958 would suggest further declines, and traders should monitor for new support levels.
As always, implementing risk management strategies such as setting stop-loss orders just below support levels and taking profit near resistance levels can help mitigate potential risks and optimize gains. Monitoring market conditions and external factors that could influence price movements is also essential.
Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario
According to the previous analysis, the phantom currency had an upward structure in the form of wave 3.
💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle.
- In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel.
- An AB=CD pattern has had an ascending cycle within the channel.
- Now the complex corrections combined inside a triangle are placed in a density.
- By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone.
- If it can break the supply area, it can move up to the Fibo area of 1.618.
💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction.
💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39.
🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545
🟩 Support range: 0.6090 - 0.6349
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FTMUSDT Potential DownsidesHey Traders, in today's trading session we are monitoring FTMUSDT for a selling opportunity around 0.67000 zone, FTMUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67000 support and resistance area.
Trade safe, Joe.
Alikze »» SOL |Corrective leg C scenario🔍 Technical analysis: Corrective leg C scenario
- In the weekly time frame, wave 5 continued up to the 2.618 Fibo area.
-After that, it entered a combined cycle correction. According to the selling pressure candle in the supply area in time 1W, it can be considered that the upward corrective wave B has ended.
- In the analysis of the previous post, the details of the corrections in the weekly time frame have been reviewed.
- After the instability above the PRZ zone, the correction extended to the green box and the size of the Fibo 1.618 of the previous wave.
Due to the completion of the short-term structural reform, this demand can extend to the supply area after retesting the areas.
Therefore, any upward correction will continue until it breaks the supply zone and can retest the second green box of the liquidity zone.
- If this correction ends flat or if wave C is completed higher than wave A, the correction process can end.
- Otherwise, the minimum correction will continue up to the $100 range.
💎 Possible scenario: we should witness an upward correction, and if the supply zone does not break, after that, it should be faced with selling pressure, which can extend and stretch the correction leg C to the $100 range.
💎 In addition, if the supply area of break and above stabilizes, the bearish scenario ends and needs to be re-examined and updated.
🛑 Resistances: 150 - 163 - 175
🟩 Support: 100-113-125
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Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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FTMUSDT Quick Long Setup / Check out the details!Long position on FTMUSDT 2H
Mid-risk status: 2x-5x Leverage
TP:
Follow the patterns & Bollinger midline:
0.5710
0.5785
0.5850
0.5902
0.5985
0.6094
➡️ SL:
0.5540
0.5490
The Alternate scenario:
If the price stabilize below the trigger zone(Yellow area), the setup will be cancelled.
FTM(based on NEo wave)there is two small ways for wave 5 of wave C on this flat pattern. after wave 5 and breaking the 2,4 line you can buy it and you stop loss is the wave 5.
FTM(based on NEo wave)on this situation for now it is a counter triangle and the E wave looks like a flat pattern,I will share the smaller time frame.
FTM roadmapFrom where we put a red arrow on the chart, the price has entered the correction phase.
It seems to be at the beginning of wave C now. The larger pattern can be a flat, triangle or diametric.
We have a resistance swap on the chart that whenever the price reaches this swap, we expect downward rejection.
The green range is a very strong support range that we will look for buy/long positions whenever the price reaches it.
Closing a daily candle 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
Fantom is painting a huge inverse H&S on HTFFantom has performed exceptionally well in the previous bull market with more than a 200x growth, and now it is trading almost 81% down from ATH. The support I have in mind for FTM is at $0.36, with the target at $2.6 and the optimistic target at $27. DYOR
+500% Profit Target for FTM Long Trade#FTM/USDT #Analysis
Description
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+ Price has hit the support line and holding strong in the support line.
+ Price is expected to bounce back from this support line, if the support breaks then next support is expected to hold strong.
+ Im entering a long trade with low leverage
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VectorAlgo Trade Details
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Entry Price: 0.5628
Stop Loss: 0.2946
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Target 1: 0.6741
Target 2: 0.8513
Target 3: 1.1139
Target 4: 1.3869
Target 5: 1.8470
Target 6: 2.5392
Target 7: 3.3576
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Fantom longFTM bouncing off the major bullish trendline and the support level. The bullish trend is expected to continue and reach the resistance at $0.94
Fantom FTM price will show good growth?#FTM is a coin with a history, which is probably why it is still relatively well "held" compared to other altcoins.
Now, the A-B-C correction is probably coming to an end and the price has entered the liquidity zone.
Therefore, if you are holding it, continue to do so, because there is a chance of growth, at least to $1.79.
1️⃣ If you believe in the #Fantom project and see prospects in it and want to buy it, you can safely place pending limit orders in the range of $0.36-0.42 and forget about them for a while.
2️⃣ Or you can closely monitor the behavior of the #FTMUSDT price in the current price range.
It depends on how much time, nerves, and enthusiasm you have)
_____________________
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FTM 1dAs you can see, the important support has been touched 3 times and this time it should be broken.
I predict that the price should move towards the higher targets from the 47 cents point, otherwise the analysis really doesn't work in this market.
FTM Rebound After Finding Support, a buy opportunity. Fantom (FTM) bulls may be catching their breath after a recent price dip. FTM found support at $0.80 on the daily timeframe chart, following a fall from a high of $1.22 .
If FTM breaks above the current resistance, key levels to watch include:
First Resistance : $0.94 - A successful breakout above this level could indicate further bullish momentum.
Second Resistance : $1.023 - Surpassing this resistance could be a significant step towards revisiting the previous high of $1.22 .
Alikze »» SOL |Continuation of scenario 5 bullishAccording to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after which we have to do the update. But for now, a short-term trend can be imagined for it.
If the behavior and structure of the post changes, it will be updated.
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FTMUSDT Poised for a Rebound or a Breakdown? Key Levels to WatchYello! Do you feel the tension building up in the FTMUSDT market?
Let’s dive into the current setup and see what might unfold next.
💎 FTM is currently moving within a descending channel pattern, eyeing a potential move towards the Bullish Order Block (OB) area. If the price action forms a bullish candle rejection here, it could signal a rebound. We might then see a test of the resistance level at $0.771. This level is crucial; a successful breakout above it could trigger bullish momentum, possibly leading to a significant upward movement.
Key Levels to Watch:
- Resistance Area: $0.771: A breakout here could pave the way for further gains.
- Bullish OB Area: $0.64: Watch for bullish candle rejections as a sign of potential rebound.
- Demand Area: $0.55 - $0.482: Historically, this zone has shown strong buyer pressure. A return to this zone could see similar buying interest.
💎 However, if FTM fails to show strength in the Bullish OB area around $0.64, it might signal further declines. The price could then head towards the Demand area between $0.55 and $0.482.
💎 This zone has previously exhibited strong buying interest, often marked by candle wicks indicating buyer pressure. Should FTM return to this zone, a rebound is possible, pushing the price back towards our target areas.
Potential Scenarios:
- Bullish Scenario: A strong rebound from the Bullish OB area leading to a test and potential breakout of the $0.771 resistance.
- Bearish Scenario: A failure to show positive signs at the $0.64 level, leading to a move towards the Demand area. If the price fails to rebound here and instead goes sideways with low volume, it could break this area, invalidating the bullish outlook and leading to further declines.
Stay alert, Paradisers. The next moves in FTMUSDT could present both opportunities and risks.
🎖If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
Trade smart and stay disciplined!