FTM/USDT 3D (Binance) Descending triangle on support Fantom is at triangle support again, could totally bounce back and even break it!
After exiting the big falling wedge downtrend should have been ended.
Entry range= 0.00881 - 0.00921
Take Profit= 0.01049 | 0.01192 | 0.01335
Stop Loss= 0.00906
Risk/Reward ratio= 1:1 | 1:2 | 1:3
Expected Profit= 15.78% | 31.57% | 47.35%
Possible Loss= -15.78%
FTMBTC
FTM - All Time Low - is it time to buy?Fantom is going down with no sign of recovery. Once a very hyper project now, focus is shifted from it to others.
Fundamentally they have rolled out many development updates recently like
- Opera Mainnet is live
- Staking rewards
- Mobile app (iOs and Android)
- Desktop and web wallet
Latest update from the team can be found here - medium.com
Despite many updates, community is not really excited by updates and volume and price are dipping day by day.
It can be a contra move to buy it here as it just touched the bottom of downtrend channel and expect a bounce from here.
FTMBTCLooking at FTM on the daily chart
RSI coming out over very oversold
Willy printing a bullish div and coming out over oversold
Histogram has bullish divergence but yet to confirm still
OBV looks pretty healthy
Big bullish volume spike (someone looking to put in a bottom)
Price trading below value on VPVR
VPVR looks reasonably full
Targets noted on the chart
Ill be trading this with a very tight stop loss as price is in no mans land with no previous support
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FTMBTC is changing hands at an ATL. Stronger hand winsFTMBTC is at ATL levels on binance. Last two days volumes are higest of 3 months. And RSI is at 26 levels daily which is oversold.
After daily 50MA crossed over daily 100MA it seems like 50MA is testing 100MA as a support. If it holds as a support, a reversal is imminent.
It is not logical to draw fib. retracement here because we are at ATL and we dont know if the price will see two digits or not.
High volume at this price levels shows that this coin is changing hands from weak to strong. If this argument is true for this case seeing higher levels like 130-150 sats in a week is a must
0.00000100 is a pyscological price to hold and we will put our stoploss right under it .
Good Luck and have lucky trades. Thanks for stopping by and reading
LONG - FTM - Trading OpportunityBINANCE:FTMBTC is making new lows while forming a hidden bullish divergence, this incredible volume on that wick tells me that we will probably head back to there and even previous highs.
Entry: 0.00000110
Target 1: 0.00000122
Target 2: 0.00000133
Target 3: 0.00000144
SL: 0.00000103
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CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
FTM Channel 50% Price at the bottom of the channel.The coin has already left the downtrend for a month and a half (price exit for the downtrend line).
Now moving sideways. For almost 5 months, the coin can be traded in the channel in increments of 50%, with a break in the downtrend, the highs began to rise. This is a good sign.
At the moment, the price has approached an important zone of support for the bottom of the channel. If support is confirmed, then a possible movement of + 50% in the range of the horizontal channel. If the upward dynamics of the highs increase continues and there will be a breakthrough of the channel resistance, then the target is + 100% to the indicated levels.
TARGET AND ENTRANCE.
There are two options for trading this coin at the moment:
1) The first option . Trading in the accumulation channel in increments of 50% upon confirmation of support. + 40-50%
2) The second option. Entrance during the breakthrough of the channel resistance or rollback after the breakthrough of the accumulation channel. + 100% and more.
3) Breakthrough support channel. If the price breaks through the support of the channel and fixes under it, we are waiting for the price to stop and a new good entry point (which will not be soon).
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
LONG - FTM - Trading OpportunityBullish divergence confirmed on BINANCE:FTMBTC on the 6h and 4h chart, which are quite important time frames, looking for a short term bounce.
Entry: 0.00000144
Target 1: 0.00000158
Target 2: 0.00000165
SL: 0.00000137
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
FTM/BTC TA Update (Bullish Double Bottom?)FTM/BTC
FTM is forming a bullish double bottom formation and Same Higher Low at 132 sats area. This signals us that Bulls are present when the price reaches the same low of the previous wick at 132 sats area. If FTM can't break the downward resistance on this 2nd attempt. A healthy pullback between 156 - 150 sats to establish a new Higher Low before it can finally breakout to a Higher High. Stop-loss for a Long position is below 130 sats area.
FTM/BTC TA Update (Temporary Top?)FTM/BTC
FTM may have found temporary top or resistance and it's now due for a pullback to recharge its momentum.
The market daily structure is still valid bullish as long as it can hold support the 50 MA plus 100 Day MA.
Bull cross of moving averages is giving us the sign of Bulls in control of the current market trend.
FTM breakout updateAs shown in my previous chart (linked in the related ideas), FTM is so far going according to plan. First target has been hit for a nice 14% if you entered on the retest of support. Two key levels to keep an eye on going forward is the daily support level at 160 sats and the daily resistance level at 183 sats . I anticipate an accelerated upwards breakout once the 183 resistance gets taken and flipped into support. Entry/reload point still remains anywhere near 160 or you can wait until the resistance gets broken and enter on its retest.
$FTM, Pushing above ~175 sats resistance level$FTM
Pushing above ~175 sats resistance level (potential flip on the 12H chart)
Volume is not that good yet, so careful about that (tight SL)
RSI entering overbought (bullish)
UCTS Turning green on 1D and lower TFs (2D/3D showing Buy signals too!)
As targets ~200/220 sats
#FTM
Fantom (FTM) Possible 50% Short Term Jump To The UpsideGreat news from Afghan government, all-time low 120 Sats, crossover on the daily, volume up, high sentiment score, mainnet release in December, Fantom pay launch in December, Fantom loyalty launch in December, could be good for 50% + increase in the short term (Up to 4 weeks) and medium term (1 -6 months)
Targets of:
1: 210 Sats for 19%
2: 267 Sats for 50%
3: 302 Sats for 70%
4: 398 Sats for 124%
$FTM, Crossed above ~160 sats level and flipped it on the 4H $FTM
Crossed above ~160 sats level and flipped it on the 4H into support pushing up with volume...
I was not able to catch it on time but if you are into this trade, I would aim for ~175sats as first target
UCTS buy signals on the 1D and lower TFs.
RSI reaching overbought
#FTM