FTMAfter supporting the desired area, the sharp move started. The first level I expect to react to is the red box.
FTMUSDT
FTMUSDTFTMUSDT was in bearish trend and recently give breakout from falling trendline. Will the instrument continue with bullish momentum?
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.
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!
FTM entryftm stochastic on the 4hr needs to reset or bottom that correlates with the touch of the trendline this being our entry after which we can look for a 5% push to the next order block that also correlates with the upper trendline
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
FTMUSDTHello dear friends
The price range of $0.2929 is very attractive for Phantom, it has reacted interestingly when approaching this range in the past. Of course, it should be noted that the reaction did not create a higher ceiling.
If the downward trend line is broken upwards, provided that the loss limit zone is maintained, there is a possibility of forming an upward trend.
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.
FTM forming bearish flag FTM is forming a bearish flag in 1H timeframe and upon breakout can give a good profit on short position; Entry: 0.25, TP: 0.20, SL: 0.26
Fantom at a clean looking channel I don't know, some nice looking touches. Everyone thinks alts are dead, anything is possible but I'm not giving up on the altrun yet, Bitcoin has followed my plan so far, didn't think alts would go this comeback down again but we'll see if we can get going again.
FTM 1WWithout the need for explanation and fully specified in the chart, the important weekly support of the FTM floor is currently 17 cents.
FTM USDT Short TargetsFantom is in asymmetric triangle, If trigger line (Yellow Line) breaks, we can anticipate 2 targets, first target should be $0.2639 and the second target is $0.2592. The first target is the safest target. The R/R is 4, which is great. Use the Stop Loss as indicated $0.2979.
Lastly If the Yellow line did not break, DO NOT open a short position. Always use the STOP LOSS.
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🤯
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.
#FTM Daily fantomAs you can see in the chart, I think the past trend has been repeated and soon after touching the support of 26-25 , we will go up.
[UPDATE FTM] Ok, they did it again. Next is 0.27.Redistribution is happening fast. Schematic #1 was invalidated. Now we are going down fast.
Ftm Getting ready for another bullish impulse Seems Like getting Ready for another bullish impulse Forming falling Wedge In h4 tf incase Of breakout Expecting 40 to 45% bullish Wave
FTMUSDT LONG IDEAFnatom has formed a trading range in the monthly timeframe, and after touching the support area of the trading range, it has shown a strong engulfing. The loss limit of this investment is very high, so don't forget investment management.This is a Long Term Investment.
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!
FTM can surprise us againAs shown in the picture FTMUSDT can break the shortterm trendline in order to reach the longterm one.
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.
FTM Pump is coming 🤓💥✈🤓💥✈Hi dear traders
FTM moving in descending channel.
We can see hammer candle near local area 1.
If hold this area, we can open long position until ceiling of channel.
Otherwise price go down to local area 2.
For long Entery wait ✋4H candle close.
If hold above this area, best time ⏰for entery.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
FTM longMarket is waking up and FTM, Fantom, are soon in a perfect position for a long trade. Buy the break (after confirmation).
