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FTMUSDT

Fantom – The Path Ahead, Deep DiveTLDR: Unfortunately, Fantom lost all bullish structure. The upside of this correction is that FTM’s price is good enough to DCA if you are a long-term investor. I provided the next support levels; in case you are interested. I charted three scenarios, two relatively bullish and one bearish scenario. I included two possible swing trade ideas. However, I must say, there are better trades out there, IMO. Background: On November 2022 fantom created a bottom in the region of 0.1636 – 0.19 USD in a double bottom. The first significant resistance FTM had to breach to was in the region of 0.255 – 0.276 USD, which is the same as FTM’s current price. During FTM’s impulse to the upside it achieved nearly 300% price appreciation in 74 days. In the past 4.5 months FTM’s price corrected by more than 67%. The time ratio between impulse and correction is 1:2 which is indicative of a deep correction possibly paving the way for the next leg up. I immediate Support & Resistance Levels: Resistance: 0.2761. Weekly & Daily Level Support: 0.255. Previous ChoCh level. 0.2251. 50% of the Wick and 0.786 Fib Retracement (approx.). 0.2124. Daily Wick. 0.1883. Double bottom Support. 0.1637 Double Bottom Support. Where Do We Go from Here? Green Scenario: If BTC and the broader crypto market change direction in the next few days, there is no reason why FTM should be the exception. The first sign of recovery would be a break above the immediate resistance of 0.2761 USD, retest as support and a strong move up. Orange Scenario: Assuming that the current correction is not resolved to the upside in the short-term, I expect FTM to retrace at least to the 50% of the wick, move up towards the 0.2761 level resistance and continue up. Red Scenario: If the whole market goes to crap, FTM will continue to dip further. However, I don’t think it is likely to drop more than previous bear market low. But, who knows!? Everything is possible (just remember that the good is also possible). Possible trade Ideas: 1. Support/Resistance Flip Entry: 0.2761 USD, after retest as support SL: 0.25 USD, below the last support level Target: 0.55 USD TP: 0.33, 0.39, 0.55 USD. R: R: 1:5 assuming TP2 is achieved. 2. Wick Fill Trade Entry: 0.2252 USD. 50% of the Wick + 0.786 SL: 0.21 USD. Below the wick. Target: 0.39 USD TP: 0.276, 0.33, 0.39 USD. Leave a moon bag. NFA. What do you think? Please share in the comments. Best Wishes to all.
by NewThoughtCrypto
4
Fantom towards Moon..?👀!! 🚀FTM Today Analysis💎FTM has been tracing a downward channel for approximately a month, signaling a bearish trend. a bullish scenario could unfold if a breakout takes place. 💎If successfully breaks free from the channel, it could signify a change in market sentiment and the onset of a bullish phase. 💎High demand implies substantial buying interest in the token, which could potentially elevate its price. 💎When its price crosses above its EMA 20, it's seen as a bullish signal. This crossover suggests a potential transition from a bearish to a bullish phase. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
FTMUSDT.4HHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for FTMUSDT.4H We are in a 4 hour period. As you can see, the price is moving above our first resistance zone and we have two scenarios. First scenario: If the price can stabilize above our first resistance line, we expect it can move to our second resistance zone. The second scenario: if the price stabilizes below our resistance line, we expect a further drop to the first support zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
3
FTMUSDT 🤯 Hold or Break Key Level AnalysisPoint of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes. 1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered. If that happens then we would at 4h a bullish pattern we can trade and target next supply zone. Target Upper Downward Channel area: 0.37 - 0.40 2. This level gets pierced through and in that case, we expect price to decline to the next demand zone. Target Next Demand Zone: 0.24 - 0.20 I'll update as I see this playing out. All the best, Kina🤯
by KinaStar
2
FTM/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the FTM chart also on a one-day interval. At the beginning, with the help of yellow lines, we will mark the downtrend channel in which the price is moving at its lower limit. As we can see the price has fallen below the EMA Cross 200 line, the place where the price falls below this line is a confirmation of going into a strong downtrend, as in this situation. Now let's move on to marking the support points for the price in a situation where the correction will continue to deepen and we see that the price is in front of a very strong support at $0.26, however, if the support is broken, we can see a drop to the next support at 0, $17. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $0.37, then we have second resistance at $0.42, then there is a strong resistance zone from $0.46 to $0.50. The CHOP index indicates that the energy is slowly gathering strength, the MACD remains in a downward trend but is close to a trend change, while the RSI has been moving at the lower end of the range for some time, which may indicate the approaching end of the current correction in the coming days.
by cryptodailyuk
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!
BINANCE:FTMUSD
by WicktatorFX
2
FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Ta#FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Targets Chart Analysis : UPCOM:FTM forms Cup & Handle pattern on HTF, hinting at breakout and massive gains! Long-Term Targets: #Fantom could skyrocket to $10 in next bull run, a potential 30x-40x surge! Support/Resistance: Support at $0.25 & $0.170 Resistance at $0.46, $0.60, $1.18, $3.31 Breakout above resistance fuels further bullish momentum Accumulation Opportunity: Every dip is a chance to accumulate Strong support at $1.75 makes it a sweet entry point! Takeaw ays: Cup & Handle pattern = bullish trend Research before investing Let's ride the #Fantom wave! Follow us For More Quality Chart Anlaysis. Thank you.
Long
by CryptoPatel