FTMUSDTPERP
MY FTM LONG TRADEFTM broke the downtrend line, broke right through resistance, created new high.
Now, FTM pulled back to retest the broken resistance turned support and trendline, and it rejects both.
I bought FTM right there with my stop loss below the wick that rejected the support.
Let's see how this trade will end.
FTMUSDT, What is certain is the ...Hello everyone
According to the chart and last analysis that we published, from that time the price is moving in downward trend until now and we should only take short position and sell in pullback of each wave .
And now as you can see on chart the price is moving to make pullback wave and we expect from this zone is ready to dump but if this not happen it can move up and finish it pullback from the base zone that we shown on chart and arrow it .
The certain thing is the trend is downward and accoridng to the condition of the market the chance of the price to make new LL is more than to break the key point level and make HL.
If you wanna take position observer to your capital management and dont forget use stop loss.
Good Luck
Abtin
Previous analysis :
FTM Capitulation before potential blastoffHere is what I think is going on with FTM:
1) I mentioned the key zone of support marked by the green box. I still believe into this green box is at play.
2) The spread on the daily ema ribbon is very large. You can see FTM has already encountered some resistance near this first ema line, in combination with the uptrending zone of resistance marked in red.
3) The ichimoku is pretty far away from us on the daily so there is a decent chance we could have an impulsive move to the upside, but I believe this will happen after re-testing the green box.
4) Not shown, we are currently rejecting out of a 30% red ichimoku cloud on the 4hr timeframe.
5) The BTC pair for FTM has actually touched the uppermost boundary of the green support box that I have drawn. But we could very well see it drop to the lower boundary which would likely put the USDT pair into the green box I have mentioned.
8) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
💥FANTOM BULLISH CONFIRMATION🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
As I said in my last post here👇
I said we need price to reject the lower trendline first before trending up to the upper trendline.
I also gave entry prices for investors to go in.
Price respected the lower trendline and it’s in an uptrend already.
This idea will be invalid once price break the lower trendline downward.
What do you think?
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FTM/USDT: BREAKING OUT OF THE FALLING WEDGE PATTERN.Welcome members, to this UPDATE ON FTM.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
FTM/USDT is breaking above the falling wedge pattern. Ever since FTM got rejected at $2.07, it has been dipping down badly. For almost 7 days FTM is under the falling wedge pattern and currently, FTM is breaking out of this falling wedge pattern. Technically, this looks good but let's not FOMO on this one and wait for the confirmation. I am expecting a retest and then a rally.
We can enter this trade once we get a confirmation between $1.08 to $1.109. The SL will be below $1.02 and the target will be between 10% to 15%. This chart will get invalidated if FTM gets rejected from the upper trendline and enters back into the FW pattern.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
FTMUSDT: Ready to bulldoze every resistanceHello traders!
Looks like the market is at the bottom and we have some pairs to invest and FTM is also in our bucket list.
We can see a pattern after a breakout of the support, these patterns are bonuses for the buyers because if you catch these patterns means you are already 2 steps ahead and you will be one of the earliest riders of the upcoming bulls.
The market will keep it pushing upside even after the target.
Don't forget to hit the like button and follow to stay connected.
FANTOM - TO RISE TO $1.74 & FALL TO $0.90Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is a 4hrs timeframe analysis. We have price respecting the descending channel pattern. We have three credible resistance zones on the upper trendline and two credible support zones on the lower trendline.
I expect price to hit the lower trendline and bounce up to the upper trendline at $1.740
If price get rejected at the upper trendline, price will fall to $0.90. But if the trend continues, fantom will continue to rise.
What do you think?
Share your opinion in the comment section✍️
You can also demand for analysis of your preferred coin
Follow me stay updated about this coin and more helpful projects like this🎁
Happy Trading💰🥳🤗
FTMUSDT: One more dip remainingHello traders!
The overall trend of FTMUSDT is bearish and now it is forming a rising channel, which means it will break the channel downside soon.
There is a true reversal point at the resistive trendline and we are setting our entry there. It will be the peak of this channel.
Sell Entry 1.407
Stoploss 1.443(-2.5%)
Target 1.287 (+8.5)
This bullish ride is also a good ride for buyers
Don't forget to hit the like button and follow to stay connected
FTM Double TopFTM battling in the S/R channel, attempting to complete an impressive Double Top.
Neckline creates a very strong Support channel, coincidentally it's also the ~ Golden Pocket of Fibonacci Retracement taken from all time low to all time high (without account for massive wicks).
Neckline/GP range 1.27 to 1.16
Since January 22nd, FTM has been consolidating forming a narrow downtrend (on smaller TF).
FTM has already bounce up from 1.66-ish, towards the 2.05 level. Both of which are on the Fibonacci Retracement levels, naturally cause a reaction.
Overall, I believe FTM is heading towards the Neckline, stats show very little pressure from Bulls, plus BTC volatility is forcing a lot of retail to take profit (just in case).
My plan:
Not trading in S/R 21H channel, wait for FTM to reach 2.05, then I'll make an assessment if Neckline is a realistic target.
P.S. Let me know if you have a chart you would like me to take a look at.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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FTMUSDTPERP About to Pullback Hello traders, let’s chat about FTMUSDTPERP.
Price has risen 16% in the last 15 hours.
Its a great opportunity to look for short setups to use with leverage.
Don't miss out on the action.
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏