FANTOM THE BEAST !!!After a fantastic run up that I enjoyed from June to September 2020 where I rode a 720% bull run,
Fantom fell hard returning under 50 satoshi !! Below the breakout point of the bullish ascending wedge !
However this coin is a too great project for staying that low....
Fantom is turning to the upside with vengeance, making me a DOUBLE in 4DAYS !!
This run is far from finished !
RSI is somewhat overbought on the daily ... but the beast is roaring despite the market downturn !!
FANTOM IS A BEAST !!
FTMBTC
FTM Potential for 30%-60% Profits!!IT'S OFFICIAL! We have broken daily resistance with increasing volume and cross-over by the MACD. Will this thing shoot up 30% or will it break through the first daily resistance for a 60% profit? Who knows. What I do know is that people love FTM. I put 3k into FTM and basically one of its historic low points and I am still not in the top 1000 holders. This sucker has so much upside potential putting TA aside. Let's go FTM
Can FTM/USDT pair go higher ?Seems there have a chance in FTM/USDT pair.
- The chart stand above EMA50 & EMA100 now.
- Breaking the down trend now
- Strong RSI. Now have hihgest RSI after 22Sep 2020.
- Strong support key level on 0.01261.
- Low ATR. Same ATR level occurred around July-Aug 2020 and started another bullish run.
- MACD is on uptrend now and the down candle is smaill when the price drop.
My buy point is 0.02142.
This is not financial advice. Just my point of view.
FTM/BTC Multi-Timeframe analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
FTM/USDT (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: FTMUSDT
-FTM broke the rising channel to the downside
-Currently, it is pulling back to retest previous support
-If FTM is unable to break above the key level resistance
-That will signal a bearish price movement is expected
-The potential downside target is around $0.021
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FTM/BTC (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: FTMBTC
-Fantom broke the key level of support last Oct 16
-A Bearish candle closes below the support area
-This past two days, the price is testing the previous consolidation area
-If this level turns out to a new resistance area
-It will trigger a Bearish bias on market structure
-The price could go back to 180s sat area
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Bullish AnalysisRounding bottom is clearly seen followed by the recent break from the trending line. This could potentially mean that there is a continuous bullish relationship (price will go high). I strongly support buying long for the next weeks or eventually until first quarter 2021 as FTM will gain much more demand with its financial and governmental use. I target the price to reach $1 by mid-2021.
FTM/BTC (Good Reaction at Key Support)💎Technical Analysis Summary💎
BINANCE: FTMBTC
-Fantom touches the key area of support
-The price is reacting to the area and we can see a green candle
-The Bulls are trying to push the price above the support area
-This is a good sign in the short term
-But 1 candle is not enough to reverse the trend
-Let's observe for a few days and see how the market develops
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Trading Involves High Risk ⚠️
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FTM/USDT (Bearish Double Top?)💎Technical Analysis Summary💎
BINANCE: FTMUSDT
-Fantom is unable to get above the Swing High at 5500 sat
-We can see two rejections at 4500 sat
-This is a sign of weakness in terms of price action
-Currently, it is still holding local support
-But if the channel is broken downward
-Please reduce position size or place a proper stop loss
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