FTMUSDT
FTM/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.*
FTM has been droping for a while and it can drop even more. However with the low volume that is going on any trade is welcome. FTM is undervalued in the 1D chart and in the 4H chart so I am preety confident that in the short/mid term the coin will perform well. I don't think that FTM will run again so this is just based a lower time frame trade. MACD is also looking strong. I expect higher volume in the next hours so don't miss on this long oportunity. Be careful and don't trade with high leverage. Comment what you think.
* Its been a while since my last post and I apologise for that. I have been really busy in the past weeks and my next 2 months will be exactly the same. I didn't spend enough time to research for ideas that I think that are worth posting and with low volume trading became even harder. I will try to stream every friday but I can't promise anything. I am truly sorry and when I can I will make a huge comeback for sure
Ftm trading in a big range!I really didn't think a dip like this would occur.. but it did. And now i see the best trading opportunity here for FTM! It is on a big support that used to be strong resistance before and i doubt it breaks to the downside! But if it does, then it breaks its last support it has. It literally has no other supports down there... so i would definitely take this trade right here right now. I will take profit at 1.3 on this trade since that's a resistance. If you want, you can keep it open for higher targets like 1.5 or 2.
Leverage: x4
Stoploss: 0.87
Take profits: 1.3
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:
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.
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.
FTMUSDT - WEEKLY SETUPFTMUSDT price has finally touched the EMA 100 almost the first time after aggressively moving and printing an ATH. So, This point will not be an easy road to cross for the Bears. Although it's a very High time frame which is weekly, the effect will trickle down towards a short timeframe definitely. So for FTM upcoming sessions could be very interesting. Buy on every Dip will be a suitable strategy.