Get started

Ftmlong

Fantom is at Support Will It Hold?Fantom had an amazing run between November 22nd until February 23rd . In 73 days Fantom’s price increased by almost 300%. However, In the last four months (116 days) FTM is in a downtrend. The chart structure emerging from this correction is of a Triangle. The question is will Fantom hold support on the Triangle’s diagonal support line, or will it break to the downside? The short answer: yes, probably. This is why: Support Levels: 1. The diagonal support line has held Fantom’s price in January and March. 2. If we examine the RSI, we can see a Falling Wedge pattern. A Falling wedge is a bullish reversal pattern. The diagonal support of this wedge has held Fantom’s price on several occasions (blue dots). 3. Regardless of pattern, The RSI level of Fantom is close to oversold. Past experience shows that FTM rejects the oversold level. 4. Should Fantom temporarily lose the diagonal support, the 0.5 Fib retracement (pulled from the low of November to high of February) is at 0.3187 and I expect it to hold. Admittedly, Fantom is at a stage that it lost some of the hype. Regardless, in the last bull market Fantom performed extremely well and I see no reason why it can’t do just as well in the future. Targets: I think FTM is good for a long-term hold. I expect FTM to exceed it’s previous ATH in the next bull market. I also think that short-term FTM provides a good R: R to risk a trade. My short-term targets for FTM are: 1. 0.41 USD (daily resistance). 2. 0.45 USD (diagonal resistance). 3. 0.55 USD (daily resistance). 4. 0.65 USD (daily resistance). Trade Idea: • Entry: 0.33 • SL: 0.3185 • Targets: As mentioned above. • R: R 1:7 for the first target NFA Feedback will be appreciated Best wishes to all.
Long
by NewThoughtCrypto
FTM 1st wave breakout - longtermTLDR - Longterm targets: 5$ and 9$ ------------- As I mentioned in a previous idea, I believe FTM broke the zigzag correction in october of 22. Historically speaking, the Elliott Wave Theory fits like glove on this token, so my selling strategy will be according to that same theory as well, besides the usual indicators. FTM is a low profile token that actually solves problems and the FTX shambles was what prevented the first impulse to carry the price action. It was hinted then and it's obvious now that the exchange's debacle and its native token was a "small" stone on what already seemed back then a clear path to my long term targets of 5$ and $9. They still stand. I don't know how long it will take, but it's now confirmed that the journey already began. ¡See you there! ---------- DYOR
Long
by Zerkaalo
FTM USDT , How Fantom Is Going To Be The Next 4x Gigantom!BINANCE:FTMUSDT FTM has been one of my favorite altcoin which i bought at 0.2$ and reached the price of 0.65$ which is almost 3x gain in the times when everybody's mom was dead bearish on overall crypto market. Here is that tweet posted on 4th Jan : At that time FTM was at the MAJOR SUPPORT! and it made a Bullish Divergence on RSI in Weekly Timeframe! Which was the Biggest Bullish Signal which nobody saw!. And now And Now, It broke the consolidation of 280 days and retested it. Retesting the Range after breakout it a buy condition and also it has now bounced from it and making bullish trends on lower time frames Even if we calculate the current retracement it comes out to be exact at 0.618 Fib Levels For Swing Setup, Invalidation would be break below 0.4$ and targets would be 0.84$-1$-1.6$-2$ That's it for FTM Please do like and comment your doubts below and let me know whether you liked the analysis or what you can add more to it. :) Thank you
Long
by Traders_skooll
2
$FTM Technical Analysis - R Fair Value Gap Turned Support *SMC**SMC* = Smart Money Concepts. See related Ideas for tutorials In Smart Money, there are specific candle formation that will lead to a lot of clues to price action results. Yesterday FTM was the product child of those clues. Currently, the price has hit the top od the daily / weekly fair value gap. I just closed my long position because I expect it to retrace to thebottom of the weekly fair value gap, which in turn is also a breaker. These will act as support so once price reaches $0.548 we should see that support start working it's magic Current chart label (1) Lower time frame (2) It could retrace to the bottom of the order block which would balance the chart on a weekly level and then would also turn bullish at$0.51885 - See chart two higher time frame 1 2 We shall see good luck and happy trading
Long
by BodiesXWix
1
FANTOM'S ADVANCED TECHNICAL ANALYSIS !!!Here we are having an advanced Elliott based analysis on one of the best featured DeFi projects, Fantom . As the chart illustrates, the expected deep correction is done, by completing the wave (b) and reaching the daily order block and also, changing the main structure by crossing the last major pivot. It might have an appropriate possibility for investment and buy some Fantom on 0.32$ and hold for long (at least 2 yaers). And let's look at the last impulsive wave from the Fantom: We might see something like this! It's not dramatic, this is the reality! -Stay tuned for more updates-
Long
by OmidBK2003
3