FTMUSD ❕ stronger than other cryptocurrenciesThe FTM has exited the upward channel.
Price has consolidated above the 100MA on the 4H Timeframe.
The 100MA broke above the 200MA on the 1H Timeframe.
Trading volumes are expressing interest in the rise of the coin.
I expect that after the correction the price may test the resistance level. If Fantom will consolidate above the resistance level, growth continuation is possible.
Ftmusd
FTM Double TopFTM shows a clear double top (bear formation), like other top alts ( in a more shy way). Others show also double top but last peak higher is than the first one (like BTC), but we should imho play safe and considerer double top the same.
Due to the delicate macro situation, pre war cenario, inflation, tax rates, sp500 double top, btc domination rise, and so on, I believe 99% of all crypto will go more downwards than up, during a long period of time: 12-18months.
I may be wrong of course.
Good luck.
FTM local Resistance Breaks for 4Hrs FTM reached local resistance at 0.455 USD Yesterday and Went back to 0.41 USD
Today it breaks its resistance at 0.46 USD in the 4H chart. So, We can expect another run for FTM is 0.55 or Above
But it should be noted that the BTC price should be held at 29100 to 30000 or above for stability of the Price.
Feel free to share your opinion
TS ❕ FTMUSD: reached the resistanceFTM has reached the resistance level of the accumulation zone. I expect a rebound down to support.
SELL scenario: short to 0.256.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Levels to maintain in Daily FTMUSDT $FTM - analysis ichimokuHere you can see the price to maintain.
--> We've just made a rebound on flat SSA daily.
By the way, we make a falling wedge with RSI weekly. It's often bullish than bearish!
In weekly chart, we get out of this falling wedge probably next week but not in daily chart as you can see.
We see also a bullish divergence in 4H and in daily chart !
I hope that the 30k$ for BTCUSD will be huge support.
have a good day Fantom Family
FTM/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.*
FTM has been droping for a while and it can drop even more. However with the low volume that is going on any trade is welcome. FTM is undervalued in the 1D chart and in the 4H chart so I am preety confident that in the short/mid term the coin will perform well. I don't think that FTM will run again so this is just based a lower time frame trade. MACD is also looking strong. I expect higher volume in the next hours so don't miss on this long oportunity. Be careful and don't trade with high leverage. Comment what you think.
* Its been a while since my last post and I apologise for that. I have been really busy in the past weeks and my next 2 months will be exactly the same. I didn't spend enough time to research for ideas that I think that are worth posting and with low volume trading became even harder. I will try to stream every friday but I can't promise anything. I am truly sorry and when I can I will make a huge comeback for sure
Ftm trading in a big range!I really didn't think a dip like this would occur.. but it did. And now i see the best trading opportunity here for FTM! It is on a big support that used to be strong resistance before and i doubt it breaks to the downside! But if it does, then it breaks its last support it has. It literally has no other supports down there... so i would definitely take this trade right here right now. I will take profit at 1.3 on this trade since that's a resistance. If you want, you can keep it open for higher targets like 1.5 or 2.
Leverage: x4
Stoploss: 0.87
Take profits: 1.3
FANTOM BEATS ETHEREUMWhile Ethereum struggles with high gas fees and the switch from pow to pos , Fantom is way more utile than ETH till they upgrade to ETH 2.0 maybe in 2023. For those who don't know about FANTOM here is a brief definition from cmc:
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum . Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization.
The bad news for this setup is the $BTC as always, we need this $BTC move inside the bear flag:
FTM done correcting? FTM corrected 54% after the Supertrend Ninja - Clean signal on the 25th Jan (red vertical line on the background).
FTM is currently on a support level. The Stoch RSI is in oversold levels, but it hasn't crossed up to the blue area yet. Also the price is below the Ichimoku cloud, which is bearish. The RSI and Constance Brown is in oversold area as well. If FTM bounces here, we will have a bullish divergence confirmed for the RSI. A few more days will give us some more clarity.
Bouncing up here 1.30 USDT is the next target. Dropping here 0.73 USDT is the next target. 0.59 USDT thereafter. The Supertrend Ninja - Clean tends hasn't given a bullish signal for the time being (green vertical line on the background). Supports and Resistances are highlighted as grey blocks.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
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.
FTM Can Reach these Prices Depending on the Incoming break outFTM is in a Pretty big Descending Triangle. It Has not broken in a bullish or Bearish way So We can not be sure if the Price is gonna Decrease or Increase but Since it's a Bearish Pattern we are talking about, the odds of Decreasing Is Much Higher! If the Price becomes Bullish It shall reach 1.8$ But if it becomes bearish It shall reach 0.86$.
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Thank you for seeing idea .
Have a nice day and Good luck
💡Don't miss the great buy opportunity in FTMUSD @FantomFDNTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3320).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTMUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.4514
TP2= @ 1.6088
TP3= @ 1.7151
TP4= @ 1.8303
TP5= @ 2.0785
SL= Break below S2
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💡Don't miss the great buy opportunity in FTMUSD @FantomFDNTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3320).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTMUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.4514
TP2= @ 1.6088
TP3= @ 1.7151
TP4= @ 1.8303
TP5= @ 2.0785
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️