Fantom – Long Entry Based on wick fill.In a previous TV idea, I suggested a S/R flip long trade for FTM (linked).
Unfortunately, the market is bearish, and I think that this trade is not a high-confidence setup.
I would like to suggest another trade setup based on the wick-fill strategy. This trade has a higher chance of success IMO. Trade Idea
Entry: 0.2256 (50% of the wick)
SL: 20.90 (below the wick)
Target: 0.33
TP: 0.258, 0.33
R: R: 1:6.6
FTMUSDTPERP
Ftm we meet again at lastI gone long ftm. The market maker has pulled the market to the last line of support. We have a red vector candle with a 3% move down as the market maker entices you to short and die.
Totally oversold on all-time frames except the daily and even. A test of the 1st resistance is a 7% move.
Fantom FTM price time to "catch up" with the marketToday, let's take a look at the global chart of FTMUSDT
Finally, yesterday the altcoin market revived and started to grow, and XRP was the luckiest with the court decision that recognized it as a non-security)
The FTMUSDT price hasn't really grown much compared to many altcoins.
We can assume that the coin still has growth potential:
- The liquidity zone is $0.45-0.55 , and we would consider this zone as the first medium-term target where you can fix part of the profit on a long position.
- "the final", probably it should be called a long-term target for the FTMUSDT price in our opinion is around $0.80
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Fantom – Second Entry Point• Please read my previous FTM idea for context.
• It looks as if FTM has taken the straight route up. (Green Scenario)
• If FTM moves above 0.333 USD I will consider it a ChoCh on the daily chart . Meaning, a move from a downtrend to an uptrend.
• IMO, there are two ways to play this. In the end they are all the same:
1. Simple Support/Resistance Flip trade: Wait for FTM to test the 0.333 USD Level as support to enter long with the SL below the previous low.
2. Wait for a pullback to the demand zone with a SL below the zone. FYI, this demand zone was tapped once on June 24th, but it doesn’t mean that price will not test this demand zone again.
Trade Idea 1 (Support/ Resistance Trade):
• Entry: 0.333
• SL: 0.2876
• Target: 0.546 (TP along the way, leave a moon bag)
Trade Idea 2 (Demand Zone):
• Entry: 0.3
• SL: 0.2876
• Target: 0.546 (TP along the way, leave a moon bag)
NFA.
What do you think? Please share in the comments.
Best wishes to all.
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."
Fantom FTM price does not want to fall, so it will grow🚀It is very likely that the FTMUSDT price is completing its corrective consolidation in the white liquidity zone.
And it looks like FTM holders may be in for a +100% price increase.
The first target for Fantom token growth is $0.80
The second target is $1.75, but this is a long process
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Ftm Getting Ready For Breakout Ftmusdt
Incase Of Breakout Expecting 30-50% Bullish Move
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the market at any time.
Always manage your risk & trade with your own research
FTMUSDT - Buy Setup!FTMUSDT (1D Chart) Technical analysis
FTMUSDT (1D Chart) Currently trading at $0.492
Buy level: Above $0.485
Stop loss: Below $0.37
TP1: $0.58
TP2: $0.66
TP3: $0.85
TP4: $1
Max Leverage 2x/Spot Market
Always keep Stop loss
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FTMUSDTPhantom is testing the support level for the third time. Of course, this is in the 4-hour time frame, but as a daily trader, I think that this time it will break down and on the next support it can go back up again. I will take a long position and if it maintains the support and goes up, I will take a short position at high resistance. But now? Nothing, I just look
FTM USDT , How Fantom Is Going To Be The Next 4x Gigantom!BINANCE:FTMUSDT
FTM has been one of my favorite altcoin which i bought at 0.2$ and reached the price of 0.65$ which is almost 3x gain in the times when everybody's mom was dead bearish on overall crypto market.
Here is that tweet posted on 4th Jan :
At that time FTM was at the MAJOR SUPPORT! and it made a Bullish Divergence on RSI in Weekly Timeframe! Which was the Biggest Bullish Signal which nobody saw!.
And now
And Now, It broke the consolidation of 280 days and retested it. Retesting the Range after breakout it a buy condition and also it has now bounced from it and making bullish trends on lower time frames
Even if we calculate the current retracement it comes out to be exact at 0.618 Fib Levels
For Swing Setup, Invalidation would be break below 0.4$
and targets would be 0.84$-1$-1.6$-2$
That's it for FTM
Please do like and comment your doubts below and let me know whether you liked the analysis or what you can add more to it. :)
Thank you