FANTOM TO 1$ - +120%Like many other alts, FTM is going up to the 1.618 levels. I put two fibonacci extensions setups to find out possible target.
The 1.618 religion is back!
FTMPERP trade ideas
FANTOM - Boom! +150% Banked ✨In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea:
- Watch for price to enter our reversal zone within the fib levels
- once there, look for rejection signs
- use trendline break or BOS for entry
- Targets: 0.17, 0.8, taper thereafter
Goodluck and as always, trade safe!
See below for our previous analysis.
FTM hit first targetFTM has hit the first price target for December of 43 cents, the bearish price target is marked as a dashed green. My second bullish target is the next dashed green level of ~53 cents. The supertrend indicator has maintained bullish since that low of volume. Volume is on a high uptrend along with RSI. This past CPI print could bring us to 1$ by Feb.
FTMUSDFTM could be interesting. After long time, it could go up. 0.19 usd is very important level. If it takes and hold, it will go very very up
#FTM/USDT#FTM
The price has been moving in a descending triangle since last February
The price gained support at 0.1730
The price is expected to break the downtrend at the current price
First target : 05160
Second target : 0.6555
Which represents 200% of the current price
With an oversold presence on the MACD
✅Thank you, for more ideas, hit 🚀 Like❤️ and 🌟Follow🌟!
#Ftm#Ftm
The falling wedge breakout has been confirmed, and a move towards $0.50 is expected in the near term.
FTM/USDT Assessing Bullish Breakout Potential?👀 🚀Fantom💎 Paradisers, turn your attention to #FTMUSDT as it presents an intriguing trading scenario. Currently positioned in a demand zone and having recently executed a Break of Structure (BOS), FTM is showing a strong likelihood of breaking above resistance and initiating a significant bullish movement.
💎 Reflecting on #Fantom market behavior, it has been adhering to a descending trajectory. Presently, it is approaching a critical resistance level at .4428. If the price respects this level, we might witness a pullback to the BOS level. However, a successful breakout could lead to a vigorous bullish rally, aiming to overcome a higher resistance level at $.6599.
💎 However, it's crucial to stay grounded in the volatile crypto market. #FTM traders should be prepared for multiple outcomes. If it faces challenges in breaching the resistance zone and loses momentum, shifting focus to a recovery strategy from the support level of $.2855 becomes essential.
💎 A decline below this support level would necessitate a strategic shift. This development would call for a reevaluation of the bullish perspective and an adjustment of trading strategies to adapt to new market conditions. 🌴💰
FTM breaking the fibFTM has broken the fib on the four-hour chart and awaiting a daily confirmation. Despite BTC dominance rising this is pretty bullish. The uptrend is apparent and the volume is much higher than the previous year's average. My short term bullish price target is still marked by the green dashed line. I updated the daily demand. Careful as this can easily break down when BTC corrects heavily and I expect that to happen soon. I am net long spot.
FTMUSD SIDEWAYS MARKET FTMUSD behaves as a sideways market so here I can place support and resistance to open both long and short positions at the same time.
FTM outlook dailyFTM is on an uptrend with the overall markets, including crypto & BTC. A trend line is forming towards a pivotal fibonacci level. This level will serve as resistance. My short-term target is marked with the dashed green line. If BTC falls or alts take a beating I am eying the dashed red or 28 cents as the first target. The most bullish scenario is abut 53 cents imo. RSI is on an obvious uptrend, along wit volume. All EMAs are curled upward, I think the trend continues, the momentum is there, I am long and have been with spot FTM for a while. I added a demand for context, it is small so not much support.
Echoes of Prosperity: FTM's Ascent to $380 in the Next Bull RunDrawing from the rhythmic patterns of the past, our analysis delves into the potential of FTM's price trajectory in anticipation of the next bullish wave. By meticulously overlaying historical price behaviours onto the current market canvas, we've unearthed a compelling scenario where FTM could ascend to the remarkable height of $380. This projection isn't merely speculative; it's grounded in the cyclical nature of digital assets, where previous peaks and troughs often carve the path for future surges. Join us as we chart the course of FTMUSD, exploring the signposts of history that could illuminate the road to a lucrative zenith in the cycle ahead. Our chart idea doesn't just capture a price target; it's a narrative of potential, market dynamics, and the echoing momentum of FTM's previous accomplishments.
The FTM chart is amazing!The FTM symbol is inside a very large structure. Wave C of this large structure is a diametric, whose sides I marked with dashed lines. Now wave e is ending and we are entering wave f.
The Fibonacci on the chart is the ratio of wave A to G of the diametric pattern that I marked with a dashed line, and it is expected that wave G will end in this area in the future.
We expect the completion of the drawn movements from the FTM as shown.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fantom – Channel BreakoutFantom is in a downtrend since February 2023.
Fantom’s PA created a descending channel, with the 50D EMA acting as additional resistance.
Today (October 23rd), FTM broke out of the channel and formed a bullish ChoCh.
Fantom presents a long opportunity. IMO, you should consider the following factors:
Pros:
1. FTM is above the 21D & the 50D EMAs.
2. Channel breakout.
3. FTM is above the immediate resistance level of 22 Cents.
Cons:
1. the daily RSI is elevated. Daily RSI is at 74. I am not sure it can support continuation without a pullback.
2. The channel resistance line was not tested as support.
3. the 22 Cent level was not tested as support either.
4. Fantom made more than 25% gains in five days. This pace is unsustainable.
Suggestion:
Wait for a pullback. A pullback will confirm the trend and show us where the support is.
Possible Trade Ideas:
Trade Idea 1:
• Entry: 0.21 (ChoCh line)
• SL: 0.19 (just below the 50d EMA)
• Target: 0.31(weekly resistance)
• TP: 0.26 (200D EMA), 0.31
• R: R: 1:3.8 to first TP.
Consider leaving some on the table. FTM could go much higher.
Trade Idea 2:
• Entry: 0.22 (local s/r flip)
• SL: 0.205 (ChoCh line)
• Target: 0.31(weekly resistance)
• TP: 0.26 (200D EMA), 0.31
• R: R: 1:2.8 to first TP.
Consider leaving some on the table. FTM could go much higher.
NFA.
What do you think? Please share in the comments.
Best Wishes.
an Important Update for FTMHi
I always see all markets that I am working there (Gold, Forex, ...) in big timeframes and also
I use another trading view account that does not have any drawings (which makes charts confusing) and so it lets me see the chart so simple. (I strongly recommend it to you).
Here you just need to see this chart in this way and judge about that
Be Safe and Happy
Altcoin Cycles: What the Vets know and the New Don'tA generalized review of Altcoin price action against the halving. (Generalized meaning there are always exceptions)
There are 3 main categories of altcoins during the year before the halving
- Category 1 = Steady rise in Dollar and BTC value (rare) .05%
- Category 2 = Fall against Dollar and BTC (less rare) 19.5%
- Category 3 = Sideways in price with sparks of short-lived bullishness (80%)
Everyone chases the mysterious category 1 coin. Trading in and out of the hot topic, but most end up in some combination of 2 and 3.
Veterans are packing high quality/high conviction bags understanding that time is on our side. New cryptos folks chase and expect sustained altcoin seasons around every corner.
Doge and FTM are uses simply because they are touted as being some of the best performing coins in 2021 bull cycle. I could have used this for many many charts. notice the "generally" sideways movement before the halving and then the explosion after.
The real value in looking at the charts is that we realize price action during this next year is generally sideways and unpredictable for Alts. BTC valuations may trend down or sideways.
Instead of chasing every new meme, a steady long term approach to building a portfolio of high quality/ high conviction allocations may be rewarded after the 2024 halving.
not financial advice .. just the opinion of a snarky puppy. happy trades
FTM 40% pump is incoming 🆓🚦📌 #dyor
💰 Position size :: 1%
💱 Leverage :: cross ➖ 2-5x
🪙 UPCOM:FTM -USDT 📌
#futuretrade :: ↗️......🌴
#BUY :: $0.2160 - $0.2397 ( split % 💰 )
🎯
:: $0.2683
:: $0.2959
:: $0.3478
Stop 🛑 lose #SL :: $0.2056 🚏
📌 always move stop lose #sl
when target get reached 📌
#risk :: medium #scalping
#explanation 👉
day looking good 🙂 but weekend bearish 📍 let's hope postive
FTM Full Analysis For Long-TermHey Guys… How are you today? 👋👋
It's a new day and I want to talk about FTM (Fantom)…
✔️ Before that, I want to remember It's not financial advice.
✔️ I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
It's my duty to tell you something honestly.
But, first, I ask you to Like my analysis, follow me, and Share this analysis with your friends.
It will give me more positive energy to publish more analysis.
So, thank you for your support.
Let's go into details.
As you see, we have Three Main support zones. The first one is around 10-11 Cent, the second is between 5-6 Cent and the last one is around 3.5-4.2 Cent.
Buying on Shadow will be very exciting. So, I will put my order on 4 Cent.
I'm sure the first support will be lost soon. If you check this asset's chart in the weekly frame, you see a Head and shoulder pattern that the neckline is breaking.
So, we have to focus on this support and it's very important to us to money management.
By the way, there is good news for FTM, if you can buy FTM at the lowest level, this asset will give you a huge profit of more than 50,000% at the end of the Last Bull Market.
If you need to analyze in another time frame, for example, 4H or 1H, please send me a message
It takes about 4-5 Years. I think you should know the worth of this asset and this huge profit … can you imagine this profit? 🙈 🙈
I want to buy and hold FTM on 3rd support zone and my final target to sell is around 20 USD.
I'm sure you are confused right now. But it's ok and there is no problem. Time proves everything.
If you have any questions, or if you need to know more details please don't hesitate to contact me.
🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Also write your comments below, Do you agree with me? do you think we are still on a downtrend? and what is the last target of this downtrend?
Thank you so much for your attention and participation 🙏🙏
Wish you the best 🧞♀️
Sincerely Yours
Ho3ein.mnD
