FTM is in Danger of Testing Much Lower Price RangesFTM chart is not looking very good in the near term.
If FTM breaks below 0.20 level, it could accelerate down to 0.04 level which is aligned with the 0.618 golden pocket.
FTM is also forming a head and shoulders pattern and if it breaks the neck line of 0.1660 the price target for that is also right below 0.04.
Ftmusd
FANTOM - Get Ready...Fantom is currently in an ABC correction for a move higher.
We've already made the bottom so we have a strict invalidation level to work with. The upside potential is incredible (1500% gains) compared to the downside risk associated with this trade.
Trade Idea:
- For a safe entry, watch for a break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- stops below the bottom
- Targets: 0.97,1.47, 3.5, HODL the rest and manually close.
Goodluck and as always, trade safe!
Fantom will explosion soonI think that Fantom is ready to fly to return to its top point again.
My Entries
My entry 1: 0.3235
My entry 2: 0.3185
My entry 3: 0.3092
My entry 4: 0.3057
My Targets:
Target 1: 0.03538
Target 2: 0.03865
Target 3: 0.04033
Target 4: 0.4143
FTMUSDTThe weekly chart shows a bigger picture of what is happening. We can see that the 6th week is ending with a red candle for Phantom. This is not a good sign. But the price is approaching the important support of 0.3 and also in this area we have the support of the dynamic trendline, both of which can cause price stability and growth. But as you can see in the chart, I chose 2 scenarios for the currency. The first scenario is the price meeting the support of 0.3 and growth again. The second scenario is the failure of the support and reaching the next support, which is 0.25. So it is better to wait and see the price reaction to these supports
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Fantom FTM price does not want to fall, so it will grow🚀It is very likely that the FTMUSDT price is completing its corrective consolidation in the white liquidity zone.
And it looks like FTM holders may be in for a +100% price increase.
The first target for Fantom token growth is $0.80
The second target is $1.75, but this is a long process
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ETH - FTM comparison; apples and oranges? updateETH - FTM comparison; apples and oranges? update
this chart comparison fascinates me. whats crazy is i STILL cant tell which of those two points in more likely. though it does seem overall very very similar.
i think with their dev runway etc ftm will pump hard for the first big bear market rally.
using that same ratio of time gone by since x point; seems we already bottomed. but macro in general indicates we haven't. id be ready to buy, but try staying above fake small time frame pumps.
gl
✅TS ❕ FTMUSD: support area✅✅ The chart has broken the downward structure.
Fantom has once again reached the support area.
We believe that the asset will start to bounce from the current area. ✅
🚀 BUY scenario: long to 0.4481 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
FTM idea sharingFTM has a double-top pattern in the four-hour chart, and the price rebounded after reaching the support near 0.3161, and broke through the downtrend line.
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After breaking through the downtrend line, FTM has a chance to appear in a bull flag pattern, and the current price is near the downtrend line.
If the four-hour closing price is higher than the downward trend line, you can enter the market with long orders:
Stop loss: 0.3954
Take profit: 0.5329, 0.5631, 0.5990
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✅TS ❕ FTMUSD: upward structure✅✅ FTMUSDT broke through and fixed above the strong resistance level.
The chart maintains an upward structure.
The price will continue to rise. ✅
🚀 BUY scenario: long to 0.5293 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
FTM - Road to 2024Already down 95%
Crypto winter will not be short imo and we will range bound for a while.
Either scenarios, I will be DCAing on a weekly basis like the rest of my trades.
Short term is very difficult to read for me and I don't use margin so I will do what I did back in 2018-2019 and pick strong coins to DCA for a year.
2024-2025 will be exciting...