FTM - Breakout or BreakdownIf FTM can break the resistance at $0.035, we could see a move towards the next resistance at $0.039. If it can clear both of these resistances and close candles above these resistance zones, we could start seeing an impulse towards $0.048 and $0.064. Failure to break the resistance could lead to a drop towards $0.029 and $0.026. Currently it is trading in between resistance and support. A trade should be taken when the price of FTM reaches one of the 2 zones.
Ftmusd
FTM Breakout | S/R Resistance FlipFTM fantom cryptocurrency token price made good breakout above the resistance price can move very high
ftm coin always follow the ICX cryptocurrency coin and both follow each other mostly.
Ftm trade looks really good price made good consolidation below the resistance line and made impressive breakout of the resistance.
also watch the bitcoin, bitcoin price today can fly high
Buy orders for the FTM:
Buy : 0.029350 - 0.029400
Stop : on daily close below 0.026
Target : 0.317 , 0.34 , 0.36 , 0.4
✳️Fantom/USDT Analysis (27/12) #FTM $FTMFTM is in strong support zone at 0.016-0.017$ and it could initiate an uptrend from here to 0.025$ and 0.03$ or even 0.04$ zone in January 2021.
If 0.016-0.017$ zone is lost, it would be extremely bad for FTM
📈BUY
-Buy: 0.016-0.017$.SL if B
📉SELL
-Sell: 0.024-0.025$.SL if A
-Sell: 0.029-0.030$.SL if A
-Sell: 0.038-0.040$.SL if A
♻️BACK-UP
-Sell: 0.016-0.017$ if B.SL if A
-Buy: 0.012-0.013$.SL if B
-Sell: 0.012-0.013$ if B.SL if A
-Buy: 0.007-0.008$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Fantom Crypto chart | breakout fantom cryptocurrency price is now moving around 0.017430 breakout above 0.017600 will send price higher
4 hour time frame also has good triangle breakout setup it can send price higher
Swing trade :
Long : 0.017300 - 0.017550
Stop : 0.015
Target : 0.019 , 0.021 , 0.0235 , 0.025
Disclaimer:
cryptocurrency investment is very risky invest what you afford to lose
cryptocurrency market is very new emerging market so i don't take any responsibility for your loss
trading chart and trading chart pattern i see really good and trade is completely depended on the technical analysis of the market
✳️Fantom/USDT (11/11) View + Trading Plan #FTM $FTMFTM has consolidated the 0.018$ zone and is now heading towards the 0.025$ zone, at this zone maybe there is a selling pressure to push it back to the 0.018$ zone, then it is likely to continue to the 0.04$ zone.
The 0.015$ zone is a very strong zone and we can believe on buying it if FTM turns around here
📈BUY- LONG
-Buy: 0.018-0.02$, stoploss if B
📉SELL-SHORT
-Sell: 0.025-0.027$, stoploss if A
-Sell: 0.038-0.04$, stoploss if A
♻️BACK-UP
-Sell close to 0.018-0.02$ if B, stoploss if A
-Buy: 0.013-0.015$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
FTM/USDT (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: FTMUSDT
-FTM broke the rising channel to the downside
-Currently, it is pulling back to retest previous support
-If FTM is unable to break above the key level resistance
-That will signal a bearish price movement is expected
-The potential downside target is around $0.021
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FTM/BTC (Bearish Retest?)💎Technical Analysis Summary💎
BINANCE: FTMBTC
-Fantom broke the key level of support last Oct 16
-A Bearish candle closes below the support area
-This past two days, the price is testing the previous consolidation area
-If this level turns out to a new resistance area
-It will trigger a Bearish bias on market structure
-The price could go back to 180s sat area
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FTM/BTC (Good Reaction at Key Support)💎Technical Analysis Summary💎
BINANCE: FTMBTC
-Fantom touches the key area of support
-The price is reacting to the area and we can see a green candle
-The Bulls are trying to push the price above the support area
-This is a good sign in the short term
-But 1 candle is not enough to reverse the trend
-Let's observe for a few days and see how the market develops
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Please Exercise Risk Management 💱
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FTMUSDT 📈📉After a mid-term uptrend since March 2020, the market is consolidating in a pennant chart pattern. Breakout is imminent. A breakout above the pennant resistance could lead to the retest of the ATH( all-time high) and possibly hitting an NH (new high) 📈. A break below the pennant support could lead to a retest of the next support level 📉.
FTM/USDT (Bearish Double Top?)💎Technical Analysis Summary💎
BINANCE: FTMUSDT
-Fantom is unable to get above the Swing High at 5500 sat
-We can see two rejections at 4500 sat
-This is a sign of weakness in terms of price action
-Currently, it is still holding local support
-But if the channel is broken downward
-Please reduce position size or place a proper stop loss
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FTM/BTC (Retest Trendline Support?)BINANCE: FTMBTC
-Fantom tested the 50D MA last Sep 5 and we saw a strong bounce
-This time around, it is likely to test the upward trendline of support
-If FTM holds this area, we might see an upside move up to 352 sat
-But if the support trendline failed, The next potential support is at 209 sat
-Please always follow your trading plan
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FTM/BTC (Retest of Key Support)FTM/BTC
-Fantom is on a 4H short term downtrend
-The price is likely to come down and retest the previous support area
-The zone needs to be watching is somewhere around 210 sat level
-This was a previous resistance turned support and 0.5 Fib support
-We can also see the 100MA dynamic support in this zone
-It is highly anticipated of a bounce reaction within this area
-But I always recommend waiting for any Bullish signs
-Before entering a Buy order, this will help reduce the risk
FTMUSD weekly Gann FanFTMUSD weekly seems to follow a Gann Fan pattern since the beginning of its Bullish movement.
It has been benefiting from a very good support of 2/1 and in the recent weeks from 1/1.
Right now it has touched 1/2. It may follow it's Bullish movement and go further to make a full Arc. However, as 1/2 is a heavy resistance point, a reversal of trend to 1/1 is possible where it can get another good support to re-try 1/2 and complete the Arc.
If Reversal happens and 1/1 would not support it, then we can expect a very good support from 2/1 which indeed worked as a strong support since the beginning of the Bullish movement.
Lets wait and see.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE