FTMUSD (1H) Bearish reversalHi Traders
FTMUSD (1H Timeframe)
Waiting for the downward break of 0.396 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.437 would cancel the bearish scenario.
Trade details
Entry: 0.396
Stop loss: 0.437
Take profit 1: 0.372
Take profit 2: 0.334
Score: 7
Strategy: Bearish reversal
FTMPERP trade ideas
ftmits interesting to see fair value consolidating in previous sell tales
with macro headwinds hawkish and token unlocks happening every month, its hard for me to long here
perhaps thats the sign // fade myself...long
Luna Vs Fantom (why FUSD is not a good idea)hello everyone,
over the last few weeks we have seen a crypto by the name of LUNA collapse, why? here's why and why fantom could follow LUNA
Luna first started crashing when its algorithmic stable coin UST lost its peg to the US dollar. how did it lose its peg? here's why: there was massive withdrawals from Anchor ( a terra based decentralized protocol that offers high yields. it is believed that this was a attack on the system that made UST and Luna collapse (death spiral)
now that we got that out of the way we have to look at the similarities between LUNA and FTM:
basics:
both coins are POS (this system uses validators that have a large portion of coins staked)
both have algorithmic stable coins (different from USDT that is backed by the US dollar) FUSD and UST are backed up by different things, like LUNA and FTM
TA:
looking at LUNA and FTM you can see that they have similarities, from the start:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
i think that FTM is following the same path as LUNA, if this is the case the estimated top is around June 26th, 2023 at a price of $6 (thats how long it took for LUNA to go from stage 3 bottom to stage 4 top)
FTMUSD ❕ stronger than other cryptocurrenciesThe FTM has exited the upward channel.
Price has consolidated above the 100MA on the 4H Timeframe.
The 100MA broke above the 200MA on the 1H Timeframe.
Trading volumes are expressing interest in the rise of the coin.
I expect that after the correction the price may test the resistance level. If Fantom will consolidate above the resistance level, growth continuation is possible.
Fanthom Fathom what nice bear divergence on 1H timeframeFanthom Fathom what nice bear divergence on 1H timeframe
Where are you heading?
Up or Down to 0.35?
NAF DYOR
FTM Double TopFTM shows a clear double top (bear formation), like other top alts ( in a more shy way). Others show also double top but last peak higher is than the first one (like BTC), but we should imho play safe and considerer double top the same.
Due to the delicate macro situation, pre war cenario, inflation, tax rates, sp500 double top, btc domination rise, and so on, I believe 99% of all crypto will go more downwards than up, during a long period of time: 12-18months.
I may be wrong of course.
Good luck.
FTM, breaking the downtrend.The following are machine translations:
In the 4-hour chart, after the rebound, the shock was supported at 0.3. At present, it broke through the downtrend line and rose, and continued to be bullish, with the upper resistance at 0.6. The operation has stabilized and stabilized on the last step.
FTMUSD BUY The price of fantom against the US dollar in the last two sessions reaches a maximum in the area of 0.4607 usd, which represents a rise of approximately 28%, the price was forming a kind of triangle, when these figures are normally given they are for impulses and that benefits buyers, from a structural point of view it favors purchases in the breakout zone of the figure at 0.3651 usd
FTM Indicators are oversoldFTM is trading within these descending parallel channel. Monitor for YELLOW trend breakout.
FTM nearly reset the entire hype phase returning to it's lowest levels. Now FTM can recover and deliver on the programs fundamentals.
Once $1 clears, this will be explosive.
Good Luck
FTM SHORT FTM it's dead i am short it first target on the 1h and 15 min time fame here 0.3097
on weekly we going to 0.2 wil upadte that later soon
ftm wil drop to the 0.3097 and i think it could do like luna from this level to drop fast
good luck all
ftm bearish divergance got reject 4h time fram btc going down usdt going up
FTM Clear to FlyProvided BTC holds itself together, we should see FTM climb up to .60 to test the resistance of the downward channel. A dip from .60 to .45 to confirm the range before a breakout would be ideal to see, with that breakout carrying on to .80 at the bottom of the range pre-crash.
Will the Channel Continue? Posting to see if there are any other perspectives from what I am seeing. Basically 5:1 descending channel.
FTMUSD-FTMUSDT-FANTOMPhantom is completing wave A and wants to create wave B in the range of 80-90 cents
It is abc right now is C..FTM
It is abc right now is C..
IT IS NOT FINISH
WE WILL SEE LAST YEAR OF 2022
I think This is correct for 4H chartI think This is correct for 4H chart
Good for long term
It is in wave C
It does'nt finish wave 4 of 3 of C of 2
4H chart ew fantom4H chart ew fantom
I think FTM is very good for long term
It is new born coin
It will grow up as I see
Fantom running in wave 2Hello
I see Fantom running in wave 2
What is your counting
What do you think about it
FTMUSD ❕ Sharp declineAfter falling 16% FTM jabbed at the support level, where the level below was sharply redeemed.
Volatility began to decline.
I expect that with further decrease in volatility and price fixation above the support level we can correct to resistance levels.
FTM Analysis - How Low Can It Go?Hello Traders!
This analysis for FTM was done at the request of one of our members. I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued.
So where is price headed?
- To be brutally honest... This is one of the worst charts that I've seen in a while. I can't find a single Bullish indicator anywhere on the chart. I actually think FTM could be trading around 0.20 or less by the end of the year and I'm serious about this.
- In the short term I would like to say I think it could bounce considering it's at a support level and has come into this level quick (indicator of potential bounce) but this crypto has underperformed so much that even when a bounce setup occurs it blast through the level and continues lower.
***I really don't have much to say regarding this crypto, if it was me I wouldn't put a single penny into FTM. It's done nothing but trade down with the exception of a couple bounces but aside from that this has got to be one of the worst performing coins in Cryptoland.
- For anyone holding FTM, I'm not trying to be abrasive, I'm just giving my honest opinion.
***I suppose you could short FTM but I would caution against shorting period unless you are experienced.
***Let me finish by saying this...
- If you are HODL'er of FTM, I would think very carefully about your plans for this crypto. The probabilities of you continuing to lose money with FTM are VERY high especially considering BTC is projected to hit $20K in the coming months.
- Personally I learned the hard way and had liquidated my account on several occasions when I first started trading. I left my money in cryptos like ADA, holding on because my emotions told me to. There was no logical reason to it, the charts said otherwise but I was attached to it and couldn't bare taking that size of a hit. In the end I lost all the money invested and learned the lesson of what happens when you allow your emotions to dictate your trading decisions.
- Lastly, I don't know if anyone reading is in this particular situation, but either way it's a good lesson to be learned. Charts like FTM will undue months if not years of work saving money to invest.
That's all, thank you everyone and best of luck trading!
