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FTMUSDT

FANTOM BEATS ETHEREUMWhile Ethereum struggles with high gas fees and the switch from pow to pos , Fantom is way more utile than ETH till they upgrade to ETH 2.0 maybe in 2023. For those who don't know about FANTOM here is a brief definition from cmc: Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum . Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The bad news for this setup is the $BTC as always, we need this $BTC move inside the bear flag:
Long
by dogofwallstreets
FTM done correcting? FTM corrected 54% after the Supertrend Ninja - Clean signal on the 25th Jan (red vertical line on the background). FTM is currently on a support level. The Stoch RSI is in oversold levels, but it hasn't crossed up to the blue area yet. Also the price is below the Ichimoku cloud, which is bearish. The RSI and Constance Brown is in oversold area as well. If FTM bounces here, we will have a bullish divergence confirmed for the RSI. A few more days will give us some more clarity. Bouncing up here 1.30 USDT is the next target. Dropping here 0.73 USDT is the next target. 0.59 USDT thereafter. The Supertrend Ninja - Clean tends hasn't given a bullish signal for the time being (green vertical line on the background). Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
FTM | Fantom further downside expectedShould FTM not be able to reclaim the $1.00 level, I could see it dipping towards the next area of support at the $0.48 - 0.6 levels. However, if we should have overall favorable conditions, I could see it correcting from its current downtrend towards the MA50 and/or its main resistance trend line, before retesting $1.00 again and falling below towards the indicated area of support. For now I like to wait on the sidelines until I see a clear direction for either case. If you have question, feel free to ask. Let's see how this plays out. Thanks for your support. Have a good one.
Short
by PagaLui
Fantom - bear flag or wedge??!Hello everyone In past couple of days, in FTMUSDT ,the price been in a range between support level of 1.08$ and resistance level of 1.20$, which shows a bear flag structure but in my opinion with a less likelihood of going lower; because we have a wedge formation on weekly time frame( what you see on higher time frame IS more reliable). With that been said,I presume we will be able to witness the price breakout from this level and reaches 1.31$ ( more likely),or on the bad,side we will see the price breakout of 1.08$ and touches the 0.97$ level (less likely)
by HubAlgo
FTM reverse head and shoulders#FTM/USDT $FTM shaped an inverse head and shoulders pattern in daily time frame and we can see its fractal in right shoulder is another inverted head and shoulders in 4h time frame. 🐮 holding the support zone will increase price to neck line and then resistance zone around $1.4 to complete the 4h H&S. 🐮🐮 neck line of daily H&S is at target of 4h one so break out from this resistance will head up price to resistance zone between $2 and $2.3 to complete daily H&S. 🐻 break down from support zone will invalid this scenario.
Long
by parissap
FTM APPROACHING RESISTANCE LEVELS Here is what I see that might be happening with fantom: 1) We are below the 200 ema, the ema ribbon, and the ichimoku cloud on the daily timeframe. Not a great sign, BUT we have managed to test the ema ribbon quite frequently during this downtrend, so we could very well break above it soon as the more often support/resistance is tested the more likely we are to break it. 2) If we do break the EMA ribbon to the upside we will again be testing the up trending zone of resistance we recently rejected from (red box). This has been used as strong support in the past and has already been used once as relatively strong resistance. 3) We have a relatively large red ichimoku cloud above us which isnt great, but for the past year or so we have been in relatively sideways price action, where the ichimoku cloud isn't as powerful. 4) If we do manage to get rejected from the ema ribbon, especially since volatility looks relatively weak right now, we could move to the bottom of the green box. This green box has acted as strong support/resistance in the past, so I would expect to find at least a bounce from the bottom of the box. 5) As of now, I am relatively bullish on this on the short term, especially if bitcoin keeps rising. FTM really needs to break the resistance ahead of it though or else it could send us lower. 6) This is not financial advice and always do your own research before entering the market.
Long
by MarketM8ker
FANTOM- Time to Rise💎👻 We see support here and the market is attempting a rebound. Could this be FANTOM's time to shine again? Possibly! Many first and second-generation blockchains like Bitcoin and Ethereum were not designed for scalability. They only prioritized security and decentralization. This resulted in slower transaction speeds in the network, especially when new nodes were introduced. For instance, a transaction on the Bitcoin blockchain network could take up to 15 minutes, whereas transactions in the Fantom network takes only a few seconds. Fantom addressed the 'blockchain trilemma' of balancing speed, security, and decentralization using the unique Lachesis consensus. The PoS process of Lachesis allows validators to create new blocks by staking their FTM, like any other PoS blockchain. But the critical feature of the Lachesis consensus is that the aBFT protocol allows nodes to create blocks independently. The Byzantine Fault Tolerance algorithm allows for consensus even if there are faulty or malicious nodes in the network. Theoretically, it could handle up to one-third of faulty or malicious nodes without negatively affecting the network. Therefore, nodes can reach consensus alone through a two-stage block confirmation process as long as they reach a two-thirds supermajority. This means there are no leader nodes responsible for creating blocks, which results in faster transactions while maintaining high levels of security. The fantom network is more decentralized as the blocks in the network are independent. Every decentralized application runs on an independent blockchain structure that is connected to the Lachesis consensus. The Fantom Opera mainnet utilises the Fantom Virtual Machine. This is Fantom’s software development kit that provides the framework to develop and deploy decentralized finance applications on the network. In addition, Opera is also compatible with the Ethereum Virtual Machine (EVM). It allows developers to move their Ethereum based decentralized applications onto the Fantom network seamlessly and provides interoperability with the world's biggest smart contract-based platform. Can Fantom dethrone Ethereum? While Fantom is relatively young, it has a lot going for it, especially as a contender to Ethereum. It is more decentralized due to its independent blocks, and it takes 1-2 seconds to complete a transaction on the network. It is also slowly becoming a hub for DeFi projects. According to data from Defi Llama, in January, Fantom became the third-largest decentralized finance (DeFi) ecosystem in terms of total value locked in. Let's see if FANTOM can get back on the right path now. One Love, the FXPROFESSOR
Long
by FX_Professor
3
FTM has collected energies on the 4H intervalHello everyone, let's take a look at the 4H FTM to USDT chart as you can see the price is approaching the exit from the triangle. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.1, if the support breaks down, the next one is $ 1.03. Now let's move from the resistance line as you can see the first resistance is $ 1.24, if you can break it the next resistance will be $ 1.32 and $ 1.39. It is worth paying attention to the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and we can expect traffic in the coming hours.
by cryptodailyuk
1