FTM preparing for a 50% move up in the next 48 hours38 c is now a very well tested floor and should hold with high degree of confidence. Expecting to see a move up to low to mid 40s, rejection, then tension building up on the down sloping resistance until an eventual breakout to 65 cents which represents at 55% return from here.
Here is the hourly ribbon just for a different glance.
FTMBTC
FTM - Near long term support/resistanceI haven't been posting in a while because the altcoin market has been very shaky with this volatile Bitcoin movement. That being said, it is time to buy on the satoshi dip - I see an interesting opportunity on FTM/BTC that is high risk, high reward. Right now it is sitting above a major support/resistance level that has been playing over the past month on the 1D chart. In addition, the MACD looks like it is flipping to a bullish crossover soon and the coin is oversold (like most other altcoins right now). Because we are near such a crucial support level, I am entering this with a tight stop loss.
Entry: 852-860 sats
Stop Loss: 830 sats
Targets: 900 - 1,000 - 1,100 sats
FTM - Potential Reversal.4hr Chart is showing signs of reversal.
A squeeze is occurring on the 4hr chart, low volatility + squeeze indicates that FTM is going to choose to reverse or drop out.
The 4hr trend crossover occurring indicates that this will be most likely a move up.
the following fibs are potential short term targets.
0.5
0.618
Mid term
1
Long term
1.382
1.5
1.618
Always strive for counter opinions prior to jumping into a trade and ensure you are happy prior to entering any position.
**Not financial advice**
Just an opinion on a potential path for fTM from this point.
FTMUSDT (FANTOM) - BUY ENTRY ANALYSIS 🔎
- FTMUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Conservative entry : breakout above the previous swing high horizontal resistance level (R1).
- Aggressive entry : market price.
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (S1).
FTM/BTC - Large triangle with a price preload to support(FANTOM)Hello everyone, analyzed the FTM/BTC pair
Honestly, well, I not like to open positions in such triangles, because there is a possibility that this triangle can be broken down impulsively.
I will be able to open the entrance to the position only after breaking one of the borders. And after confirming the theory that this triangle is broken by the real volume, you can look at the long position.
For now, I will refrain from taking a position. But I do a small review, for those who are looking for trading positions and want to collect more bitcoins to their wallet.
The levels of work indicated on the trading chart.
The range of operation, levels, and potential stop loss is set by each in accordance with its own risk management, and deposit.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
FTMUSDTAnother hot coin, FTM is trying to test a resistance right now.
Just like the previous idea, wait for the confirmation which happens right after the closure of the 4H candle above resistance as shown on the chart. Then enter and open your positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
FTMUSDT (FANTOM) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- FTMUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
- Horizontal resistance level (R5).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
Fantom (FTM) After A 1200% Bullish Wave!Fantom (FTMBTC) hit a low on May 2020 at 38 satoshis (0.00000038).
What followed was a very strong bullish wave that produced 1200%+ in growth.
The peak was hit in September 2020 and then we had a strong correction that ended in a higher low.
Early January the low was hit at 47 satoshis (0.00000047) and now prices are starting to grow.
We have all the same bullish signals:
1) A strong consolidation period.
2) A new low.
3) Volume going high.
4) Bullish indicators.
5) Prices moving above EMA10, EMA21, EMA50, and beyond.
A new bullish wave can follow...
If the last high turns into resistance, we can see 960%+...
But if we hit a new high, the potential profits can be more.
Additional details on the chart.
Namaste.
FTM could double in the next 10 daysFTM as shown a big big Signal of strenght in the last 2 weeks.
Usually that kind of move consolidate in a bowl form before popping much higher.
Look at UNFI and COTI to understand...
In that case, we could see it happen fast.
Also, its in the famous DEFI list of coins, wich gives me confidence.
FTMBTC / Test the 200 the break from the wedge?I'm engaged in this pretty hard at the moment. Looking for a clean break through resistance and we could be off to the races. After doing a bit of research on this project, I'm feeling pretty bullish on the long term on this coin. Could be a top 20 crypto with a $1 dollar valuation at some point in time.