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Fantom (FTM) - June 19hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (FTMUSDT 1W chart) Below 0.6947 is likely to be a mid- to long-term investment area. So, whether it can move higher than 0.6947 is the key. (1D chart) Whether or not it can rise above 0.26 to receive support is an important key. In the short-term and medium-term perspective, it needs to move above 0.4254 to turn into an uptrend. It appears to be entering the realm of long-term investments, falling below 0.26. Therefore, if you want to invest in this coin in the mid- to long-term, it is possible to increase the number of holdings corresponding to profits through short-term transactions. In the short term, you should buy when it falls and when it rises higher than the purchase price, you need to sell as much as the purchase principal (+ transaction fee X 2) to increase the holding quantity. To do this, if you have to do it with a small amount, you need to buy in 10 installments or more. It is important not to hold the purchase amount by increasing the number of installments by selling when you can. These trades should continue until they turn into an uptrend in the short and medium term. If you look at the current chart position, it is a position that has merit in terms of price. However, it is not easy to trade as the price is likely to fall further. However, if you do nothing, you will likely end up buying at a higher price point, so I think it's a good idea to start trading the way I've been told above. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
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by readCrypto
3
FTM APPROACHING RESISTANCE LEVELS Here is what I see that might be happening with fantom: 1) We are below the 200 ema, the ema ribbon, and the ichimoku cloud on the daily timeframe. Not a great sign, BUT we have managed to test the ema ribbon quite frequently during this downtrend, so we could very well break above it soon as the more often support/resistance is tested the more likely we are to break it. 2) If we do break the EMA ribbon to the upside we will again be testing the up trending zone of resistance we recently rejected from (red box). This has been used as strong support in the past and has already been used once as relatively strong resistance. 3) We have a relatively large red ichimoku cloud above us which isnt great, but for the past year or so we have been in relatively sideways price action, where the ichimoku cloud isn't as powerful. 4) If we do manage to get rejected from the ema ribbon, especially since volatility looks relatively weak right now, we could move to the bottom of the green box. This green box has acted as strong support/resistance in the past, so I would expect to find at least a bounce from the bottom of the box. 5) As of now, I am relatively bullish on this on the short term, especially if bitcoin keeps rising. FTM really needs to break the resistance ahead of it though or else it could send us lower. 6) This is not financial advice and always do your own research before entering the market.
FLong
by MarketM8ker