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FTMUSDT

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
FANTOM- 😻 Time to Enter? (probably yes!)Charts don't lie and FTM chart is looking great to enter. Valid major support at 0.326 and 0.3049 with a first target at 0.3778 0.4011 is our Key target and resistance. At that level we could expect a delay (rejection) or a breakout towards 0.5172 News: Not many and it's worrying me a bit as the community here seems to have lost momentum. Then again there is this: Fantom Launches Gas Monetization Feature with Incentives for Developers Link: www.coinspeaker.com This incentive can be a great wake to 'wake up, team up, build up!' So, let's Go FTM One Love, The FXPROFESSOR 🌅
Long
by FX_Professor
1
FTM Price Analysis: Long-Term Targets Suggest a Mind-Blowing 30xFTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Targets ( FTM Price Analysis: Long-Term Targets Suggest a Mind-Blowing 30x-40x Growth ) In this technical analysis of the FTM/USDT pair, we will explore the current price action and chart patterns of Fantom (FTM) in relation to the Tether (USDT) stablecoin. Please note that this analysis is based on historical price data and personal interpretation, and it is important to conduct your own research before making any investment decisions. Cup & Handle Pattern: On the higher time frame (HTF) chart, FTM is showing signs of a Cup & Handle pattern. The cup has already formed, and the handle is currently being shaped. This pattern suggests that FTM may experience a significant price increase after breaking above the neckline resistance. Long-Term Targets: Based on the chart analysis, there is a strong bullish sentiment surrounding FTM. It is anticipated that FTM could potentially reach $10 during the next bullish run, representing a substantial 30x-40x increase from its current price level. Support and Resistance Levels: Key levels to watch for support include $0.25 and $0.170. These levels may present attractive entry points if the price experiences a significant dip. On the other hand, resistance levels are situated at $0.46, $0.60, $1.18, and $3.31. Breaking above these resistance levels could indicate further bullish momentum. Opportunities for Accumulation: According to this analysis, every significant dip in the FTM price presents an opportunity for accumulation. If the price approaches the strong support level at $1.75, it could be an advantageous entry point for investors looking to accumulate FTM tokens. Conclusion: In summary, the technical analysis of the FTM/USDT pair suggests a bullish outlook for Fantom (FTM). The Cup & Handle pattern, combined with the projected long-term targets of $10, indicates potential substantial gains in the future. However, it is essential to remember that this analysis is subjective and not financial advice. Conduct your own research and exercise caution when making investment decisions. Takeaways: FTM/USDT is showing a Cup & Handle pattern on the higher time frame chart. A breakout above the neckline resistance at $0.60 could trigger a significant bullish move. Long-term targets indicate a potential rise to $10 during the next bull run. Strong support is found at $1.75, presenting an attractive entry point. Consider every significant dip as an opportunity to accumulate FTM tokens. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making investment decisions. Follow us for more Chart Analysis. Thank you.
Long
by CryptoPatel
3
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."
by Madoir
BNBUSDT H4 :WHAT an ANALYSYS Hi Guys Hope you well, Umm , First for better idea please check my last analysis of binance-coin . It moved exactly like the road map. But according to the price of Bitcoin, it might be another scenario will take place. please check both scenario and do the best . SecondChanceCrypto ⏰25/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Long
by Secondchancecrypto
FTM/USDT 20% DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this FTM/USDT trade setup. FTM looks bearish here. Breaks down from the bearish flag pattern and according to the pattern, it might drop 20% from here. Open a short position here and add more to the upside. Entry range:- $0.352-$0.356 Target:- 15-20% SL:- $0.367 Lev:- 5x-10x If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
2
BTCUSDT H8 : Hi Guys , Hope you well, As you can see, we are moving in a downtrend channel with a low slope, and a structural change has occurred in the 4-hour and 8-hour timeframes. I expect to move from the supply area and almost in the middle of the channel to the main support at the bottom of the channel and the demand area in the daily time around 25300. SecondChanceCrypto ⏰18/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Short
by Secondchancecrypto