Ftmforecast
FTM → Fantom Fall to $0.35!? Then to $1.00? Let's Answer.Since my April 11th update, FTM has fallen into a pullback, as expected. We found resistance at $1.25, created a micro double-top, and then pulled back in two strong legs—truly three in total. Should we be bearish or bullish on Fantom?
How do we trade this? 🤔
FTM predictably printed a double-top after three strong pushes up into the immediate resistance zone of $0.97 to $1.25. That reversal pattern played out into a three-legged pullback, leaving us near Push #1 support at around $0.40. I think we can expect to continue testing this support area for a while. However, I do not believe we will break and hold below $0.40.
I would not enter a long position just yet unless you're fading. What we need now is two or three tests of the Push #1 support area between $0.35 and $0.40, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in FTM.
A final point of data is the RSI low and below the moving average of around 39.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us.
💡 Trade Idea 💡
Long Entry: $0.45
🟥 Stop Loss: $0.285
✅ Take Profit #1: $0.64
✅ Take Profit #2: $0.82
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs up into a resistance zone after a breakout
2. Micro Double-top reversal pattern
3. Three-legged pullback to Push #1 Support
4. Wait for a double-bottom followed by a strong signal and confirmation candles
5. RSI at 39.00 and below the moving average. Supports waiting for a long entry.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
FTM → Fantom Drop to $0.50!? Or Rush to $3.50? Let's Answer.FTM has shown immense strength during the crypto markets' bullish sentiment over the last 14 months. With a 611% increase from Fantoms' bear market low of $0.15 to the recent high of $1.21, does FTM have any more upside for us?
How do we trade this? 🤔
We're at a crucial point for the FTM price near a major resistance area peaking at $1.25. Two strong legs up from the support zone in a rough Measured Move with an RSI of 80.00 and above the Moving Average. The crypto market has given us more than the price action called for with Bitcoin hitting new all-time highs without touching lifetime support and before the halving. A long at this stage is not reasonable, at least not on the Daily or Weekly timeframes.
It's reasonable to wait for the price to fall toward the Weekly 30EMA and 200EMA between the $0.42 and $0.52 price range, this range will increase slightly as the pullback happens toward the $0.46 and $0.56 area. Therefore, it's ideal to target the $0.527 area for optimal Risk/Reward, setting a stop loss below the EMA ribbons at $0.285, the first take profit at 1:1 Risk/Reward ($0.77) selling half of the position and moving the stop loss up to the entry price, before the $0.97 resistance area. The second take profit should be set anywhere above the $1.25 resistance until a sell signal and confirmation are witnessed, but ideally, before the $2.00 psychological and minor resistance before the peak of the 2021 high.
💡 Trade Idea 💡
Long Entry: $0.527
🟥 Stop Loss: $0.285
✅ Take Profit #1: $0.77
✅ Take Profit #2: $1.98
⚖️ Risk/Reward Ratio: 1:6
🔑 Key Takeaways 🔑
1. Two legs up in a strong 611% bull run finding resistance at $1.21
2. Measured move played out
3. Bitcoin at all-time high resistance areas could impact crypto market sentiment
4. Gap between the current price and EMA ribbons
5. RSI at 80.00 and above the moving average. Supports a pullback.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Fantom/usdtBest Chart You can see today
fantom looks really interesting but we need just a breakout the trend ( as chart shows ) and close above with daily candle & high volume
Target on chart Starting from 1.5$ to 3.5$
for 5.5$ maybe it will take couple of months
this is a personal opinion and NFA
Thank you
FTM → Fantom Falls to 200EMA! Long back to $0.53? Let's Answer!FTM marched to the upside with three pushes up in a bull channel touching $0.565, followed by a pullback with three pushes down and strong bull support. Is it time to long?
How do we trade this? 🤔
A long entry is nearly justified. Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $0.565, followed by three pushes down in a micro-bear channel with strong bull signal bars, and we have a good follow-through bars leading up to the price action being just above the Daily 30EMA. The Daily 200EMA is showing some strong support as well.
What we need is a break of the Daily 30EMA to justify to our long. You could argue a long is justified here simply by the data we already have, and I wouldn't argue against you; I would just say that Daily 30EMA is in the way, so this is a lower probability trade, but also less initial risk because your stop loss is closer.
I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower-than-maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down.
💡 Trade Idea 💡
Long Entry: $0.403
🟥 Stop Loss: $0.323
✅ Take Profit: $0.483
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three pushes up in a bull channel
2. Micro Bear Channel forms with three pushes down.
3. Strong bull signal bars at Daily 200EMA
4. Suggested to wait for break of Daily 30EMA
5. RSI at 48.00 and above the Moving Average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
FTM → Fantom Above to Rush Downward Toward $0.29!? Let's Answer.Fantom has pulled back from its $0.46 high and closing the gap to the 30EMA. Are we about to fall through the EMA ribbons back down in the $0.20-$0.30 range?
How do we trade this? 🤔
Fantom is still in the bull channel, but has a few datapoints working against it. First, there have been three pushes up in the bull channel, a typical number of legs in a trend before the risk of trend change can become greater than the continuation. We also have an RSI at 57.00 and below the Moving Average, a weak indicator on its own, but supports the idea of a pullback or trend change.
The final piece to the puzzle is a retest of the $0.40 area after a fall to the Daily 30EMA. A strong bear candle closing on or near its low should give us enough probability to take a 1:1.5 short playing the reversal.
Until then, we should wait on the sidelines for more price action to confirm!
💡 Trade Ideas 💡
Short Entry: $0.400
🟥 Stop Loss: $0.470
✅ Take Profit: $0.295
⚖️ Risk/Reward Ratio: 1:1.5
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Potential to Change Trend.
3. Gap from 30EMA and 200EMA Support.
4. RSI at 57.00 and below Moving Average, Bias to Short.
5. Watch for Bitcoin Trend Change at $46,000.
💰 Trading Tip 💰
The RSI is a weak indicator on its own. Coupled with price action analysis, it often complete the picture necessary to make a trade decision.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom Closing in on Major Resistance. What's Next!?Fantom has been marching toward the next key resistance zones ($0.53 and $0.65) as Bitcoin inches toward it's major resistance area of $46,000. The crypto market is burning hot, most tokens are multiple legs into this bull run, what should we expect next?
How do we trade this? 🤔
FTM is clearly aiming to touch $0.53, that almost seems inevitable. What we need to watch out for in these areas is a strong sell response to the resistance zones. If we're going to look for the reversal trade, it is a *must* that we see a strong sell off followed by a re-test of resistance, then a strong bear candle confirmation on a new low. The goal is to get into the trend as early as possible (thus, reversal trading), but you can't short bull candles closing on their highs.
It's reasonable to continue long scalping on smaller timeframes like the 15m and 1hr charts. Our bias ought to remain long until that reversal opportunity shows up. My recent Lifetime Bitcoin analysis covers my rationale in looking for a strong reversal to the $20,000-$25,000 area before the next all-time highs are achieved:
💡 Trade Ideas 💡
Long Entry: $0.48
🟥 Stop Loss: $0.41
✅ Take Profit: $0.55
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Looking for A 4th, Watch for Trend Change.
3. Ascending Wedge Breakout to the Upside, Target $0.53.
4. Look for Resistance at $0.53, Support, Potential toward $0.655.
5. RSI over 70.00, Watch for Pullback.
💰 Trading Tip 💰
It's reasonable to take half profits at 1:1 Risk/Reward on a swing trade and move the stop loss up to entry. This secures profits, and allows the latter half of your position to be executed without the worry of loss, improving trading psychology.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom One More Leg Up to $0.53!? Lets Setup The Trade.Fantom has had 2 clear legs up in this Daily chart bull run. You could argue three if this current high *is* in fact the high, making it the third leg. My last analysis did not play out with the reversal at $0.38! Does that mean we should we be long here?
How do we trade this? 🤔
The answer is yes, but only in the near-term! If we are 2 or even 3 legs into the trend, that means our probability of profit longing is getting weaker to the point of where we need to consider shorts or at the very least, that a trading range is coming.
Right now we have a gap down to the 30EMA, we should wait until the price reaches at least that area with some bull signals and confirmation before entering any longs. This late in the game, consider scalping with 1:1 Risk/Reward and a relatively small position size since our probability in this direction is weakening. Set the protective stop below the 30EMA and grab at least 1:1 Risk/Reward and get out.
We also need to keep a close eye on Bitcoin completing its measured move to $46,000, a key level that could spell the end of the bull trend!
💡 Trade Idea 💡
Long Entry: $0.415
🟥 Stop Loss: $0.335
✅ Take Profit: $0.475
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Two Clear Pushes Up, Third to Major Resistance?
3. Gap from 30EMA Support, Wait to Long.
4. RSI at 70.00 and above Moving Average, Short-Term long, Long-Term Short.
5. Watch Bitcoin to complete Measured Move to $46,000.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom at Risk of Falling to $0.28! Should We Short?FTM is holding steady in the bull channel going sideways at $0.38! This pattern indicates a continuation pattern to the upside for FTM, so why am I bearish?
How do we trade this? 🤔
FTM has had three pushes to the upside in this bull channel $0.24, $0.38, and $0.43, which is a typical leg count in a bull run before converting to a trading range or reversal. Bitcoin and the crypto market just had a monster sell-off at a key resistance level, and FTM's RSI is below the Moving Average at 59.00 which gives plenty of room to fall.
Do I think FTM is going back down to $0.20? We don't have evidence for that case yet. What we do have evidence for is a market-wide pullback from a burning hot bull run. I think it's reasonable to expect FTM to fall back to the previous support area of $0.28, an area we should look for a buy signal! Look for a strong bull signal and confirmation bar to enter the market for a 1:2 Risk/Reward Ratio. We have a ways to go before hitting this mark, we need to see the market status at the time to determine if 1:2 is a conservative ratio.
You could also short scalp this analysis, but I believe it's a bit too risky at the moment given FTM's bullish sentiment. Wait for more price action to determine if a short is reasonable. Until then, I would wait on the sidelines for the next moves!
💡 Trade Idea 💡
Long Entry: 0.295
🟥 Stop Loss: $0.260
✅ Take Profit: $0.365
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Currently in 5-Day Trading Range.
3. Watch for a Right Shoulder Rejection to Form Head and Shoulders.
4. RSI at 58.00 and below Moving Average, Bias to Short.
5. Short Scalp Opportunity, But Would Wait to Long at Support.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom Blasts to $0.43 Weekly 200EMA! Will We Reverse!?Fantom had an excellent breakout of the previous resistance zones at $0.34 and $0.37 per my previous analysis. If you longed the suggested trade, you achieved a 1:3 Risk/Reward Ratio! What are the next moves now that we've hit the Weekly 200EMA?
How do we trade this? 🤔
Fantom is red hot to the upside making contact with the Weekly 200EMA, an expected resistance area. The Weekly candle closes in 1 day and 1 Hour, we need to see where the candle closes and what the next Daily candles show us. The RSI is at 70.00, most Crypto tokens are running hot and have hit some major resistance levels with their RSIs high as well. That includes Bitcoin, Ethereum, Cardano, the list goes on.
I think we're in for a decent retrace to let the market cool off. This could be the first bull leg up in the next bull run, signaling that the macro trend on the market is committing to the upside. However, I believe Bitcoin needs to take one more dip to $25,000 before new all-time highs, and the rest of the Crypto market will likely be dragged down with it.
Look for a pull back to the Weekly 30EMA and a strong bull signal and confirmation of Support. If we see a good Weekly candle closing on or near its high after a signal, a long position is reasonable. Now this long could be played many ways between the Daily and Weekly timeframe, I'm suggesting the following as a conservative measure and assuming the Alt market doesn't see previous all-time highs.
Long the $0.325 area, set a stop loss below the (so far) reliable $0.165 Weekly Support, and a few Take Profit areas. Take 1:1 Risk/Reward with half of your position at $0.50 and move your stop up to the entry price, then 1:3 R/R at $0.85 with half of your remaining position, then swing the remainder to 1:7 R/R. A reasonable area at $1.55 (2021 Left and Right Shoulders), but I wouldn't argue against letting it ride longer if the conditions are correct. It's too far out to speculate on the price action.
This is a multi-month trade that could go into 2025. More analysis will be coming for the lower timeframes!
💡 Trade Idea 💡
Long Entry: $0.325
🟥 Stop Loss: $0.150
✅ Take Profit #1: $0.500
✅ Take Profit #2: $0.850
✅ Take Profit #3: $1.55
⚖️ Risk/Reward Ratio: 1:7
🔑 Key Takeaways 🔑
1. Bullish Since Weekly Support - October 2023, Bias to Long.
2. Currently Touching Weekly 200EMA Resistance. Wait for Candle Close.
3. Wait for Weekly Candle to Close. If below 200EMA, expect Pullback.
4. RSI around 70.00, far above Moving Average. Supports Pullback.
5. Look for 1:3 Risk/Reward Opportunity. Swing Partial Position.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Blast Off to $0.40!? Or Rejected to $0.20? Let's Answer.Fantom continues its bullish blast bouncing hard off of the 4HR 200EMA ribbon and then the 30EMA. We're now closing in on Resistance Zone #1 and need to know what the next trade move will be.
How do we trade this? 🤔
We're too close to the resistance zone to long and we don't yet have any indication that the price will reverse. Best to wait on the sidelines until 1 of 2 outcomes unfold:
1. Rejection at Resistance #1: Strong bear signal and confirmation bars closing on or near their lows. Short scalp a 1:1 with half of your position then swing the to 1:2. You could also swing until you see a reversal bar to the upside.
2. Breakout of Resistance #1: Wait for Resistance #1 to be broken and tested as support. Long that support and sell half your position at a 1:1 Risk/Reward Ratio then the rest at 1:3 or if the price fails at Resistance #2.
💡 Trade Ideas 💡
Long Entry: $0.355
🟥 Stop Loss: $0.345
✅ Take Profit #1: $0.365
✅ Take Profit #2: $0.385
⚖️ Risk/Reward Ratio: 1:3
Short Entry: $0.335
🟥 Stop Loss: $0.344
✅ Take Profit #1: $0.326
✅ Take Profit #2: $0.317
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bullish Macro Trend, Bias to Long!
2. Strong Support at 200EMA, Bias to Long.
3. Coming up on Resistance Zone #1, Wait to Enter.
4. If Rejected at Resistance #1, Short Scalp.
5. If Break Resistance #1, Long Support.
6. RSI at 63.00 and above Moving Average, Bias to Long.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Going to $0.42!? Maximize Profits With This Simple Chart.FTM has shown strong support on the 200EMA and is currently bouncing for the second time since falling out of the bull channel. It appears we have a clear runway to the Weekly Resistance at $0.42.
How do we trade this?
All of the data points indicate that we should long with the exception of the RSI which shows the price as fairly overbought. However, Price Action is King and I do not prioritize indicators over what the price action is telling me. We shouldn't ignore the RSI completely, but I do not believe that means the price is going to reverse. It likely means we'll have a minor pullback or the RSI will simply keep going up as the price action goes up.
At worst, be ready for a minor pullback. If we see a strong bear candle closing on or near its low, that's when we change our perception of the market conditions. We've fallen out of the bull channel, but we're still above the 200EMA and showing strong support. We should remain bullish until we start to get lower lows and strong bear bars closing on or near their lows below the 200EMA.
Trade Idea
Long Entry: $0.31
Stop Loss: $0.275
Take Profit: $0.38
Risk/Reward Ratio: 1:2
Key Takeaways
1. Fell out of the Bull Channel.
2. Price Bounced on 200EMA twice since bear breakout.
3. Strong Bull Bounce to $0.32.
4. RSI around 60.00, May be a pullback to 30EMA.
5. Look for bounce at 30EMA. Close Gap to Weekly 200EMA.
You are solely responsible for your trades, trade at your own risk!
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FTM to $0.40? This Trade Separates the Novice From The Pro!FTM has fallen out of the bull channel and is pushing aggressively toward the downside. One might think, "We're going back to $0.20!". Not so fast! The 200EMA acted as strong support on November 9th and it has a good possibility of repeating history.
How do we trade this?
We may have fallen out of the bull channel but we're still seeing higher highs and higher lows, so we should remain bullish. Before entering into long, wait for a bull signal and confirmation bar as evidence that we're still going up. A bull signal bar will have a long tail and close near its high, a confirmation bar will follow the signal bar, be of a size similar to the signal bar, and close on or near its high.
The RSI is also below 30, which is a weak indicator on its own, but supports the other data points in this analysis. Bitcoin also acts as a leading indicator and as shown in my BTC 4HTR analysis, may fall to its 200EMA at $35,000 and hold FTMs price down. This is why we need to wait for confirmation before entering the long.
Key Points
1. Fell out of the Bull Channel.
2. Current Price at 200EMA Support.
3. Wait for a bull signal and confirmation bar.
4. RSI Below 30. Reversal to the upside is probable.
5. Use Caution, Bitcoin could fall further.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
FTM Weekly Analysis - Have We Hit The Bottom? Long for 2024!FTM has been bouncing off and consolidating in its major support zone of $0.15-$0.20 since it made contact in June of 2022. After a quick bounce to the $0.60 area, the price has remained in that support zone. We have now had a third touch point on this support, and so far, the bull response is strong.
Bitcoin has also been consolidating in its support zone of $25,000-$30,000. My analysis of Bitcoin is we will see a bull run in 2024 and new all-time highs by April of 2025. If the Crypto market repeats history, the Alt market will follow Bitcoin to the upside when it finally breaks out.
FTM remains #62 in market cap as of this posting, a good spot to be in for a riskier yet probable investment. What remains an open question is; will the Alt market be strong this time around? We don't know, and that's a conversation for another post. As traders and investors, it's important to speculate about the future based on historical data * first *, then inject fundamental analysis to determine the probability of a deviation from history.
Key Points:
1. If FTM doesn't fall out of the top 100 in market cap during the next couple of years, I expect the price to at least reach the resistance zone of $0.55 - $1.00 by 2025, a conservative estimate of about 500% up from today's price.
2. If the alt market responds to Bitcoin's bull run in 2024-2025 reaching previous all-time highs, it's possible that FTM will also soar to its previous all-time highs of around $3.50. That is a roughly 1700% increase from today's price.
These are great outlooks on FTM, but we should always proportion our investments relative to the risk of the asset. 2 years is a long time in the market, especially in a young market like Crypto, especially with an altcoin.
As always, trade at your own risk, you are responsible for your trades, and I hope this information was helpful.
Trade wisely and let us know what you think in the comment section below!
Big Short on FTM?!in weekly timeframe before take sell side liquidity. smart money shifted market structure to bullish and we saw take the old high.
between $1~$1.3 we might have great opportunity for short to reach $0.10.
but for now! we are in discount zone and price will tend to reach monthly fvg which is premium zone. we might have great opportunity for long position from $0.30~$0.27.
Fantom FTM price is able to grow to $0.70-0.80, but when?FTM buyers are quite aggressive, and they are currently buying back any price corrections.
We wrote more about Fantom in our previous idea
In today's idea, we have slightly adjusted the dynamic channels and reduced the working timeframe to daily for easier tracking of the idea's development.
It seems that buyers of FTMUSDT can organize another impulsive growth to the range of $0.70-0.80 in the near future . To do this, they need to gain a fixing FTM price above $0.45 and manage to break the stops of shorts above $0.50.
If sellers manage to defend the range of $0.45-0.50, then a fairly deep price correction may begin, to the region of $0.26 as we see in the white scenario.
And after the correction, growth will continue to the liquidity zone of $0.68-0.80.
Which scenario do you think is more realistic now and why?
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FTM time for a small pullbackFTM is at a pivotal point which gives us a great risk reward trade.
i am setting 3 short orders at
0.2425
0.2440
0.2480
I have 3 take profi points as well.
0.2402
0.2385
0.2352
Stop loss if 1h candle closes above 0.2480 so keep an eye on it.
max loss 1%
max profit 4%
LEV x2
( while writing this post,i got in at first entry,but you can set the orders,it is still valid)
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FTMUSDT 3D FTM price "make it or break it"Today we will consider the global chart of FTMUSDT on a 3-day timeframe
From 2020 to 2022, a growth trend continued with sky-high %% growth.
In May 2022, the growth trend finally broke down in the liquidity zone of $0.67-0.80
In June - July 2022, sellers and buyers reached a compromise zone - a conditional bottom near $0.20
A retest of the +/- $0.20 liquidity zone is now taking place, and a Double Bottom reversal figure is likely to form
I would like to believe this, because as you can see on the graph, below $0.20 there is a total void of liquidity and the probability of devaluing FTM by 10 times.
Only the fact that:
- May-July 2021 - BTCUSDT price on the bottom +/- $30,000, FTMUSD price +/- $0.20
- May-July 2022 price of BTCUSDT on the bottom +/- $18000 (-40%), FTM price unchanged on the bottom +/- $0.20
That is, it can be assumed that FTM is purchased in a pair of FTMBTC, which gives hope that the Fantom is still interesting to large investors.
And therefore, the growth of the FTMUSD price, at least to the above-mentioned liquidity zone of $0.67-0.80, is completely real, and this is x3 from the current price.
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